Vantiv Price Target Raised to $38.00 at Evercore Partners (VNTV)
Equities researchers at Evercore Partners raised their price target on shares of Vantiv (NYSE:VNTV) from $33.00 to $38.00 in a research report issued on Wednesday, ARN reports. The firm currently has an “overweight” rating on the stock. Evercore Partners’ target price suggests a potential upside of 39.40% from the company’s current price.
A number of other firms have also recently commented on VNTV. Analysts at Wells Fargo & Co. upgraded shares of Vantiv (NYSE:VNTV) from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, August 22nd. Separately, analysts at Credit Suisse raised their price target on shares of Vantiv (NYSE:VNTV) from $25.00 to $27.00 in a research note to investors on Thursday, August 22nd. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Vantiv (NYSE:VNTV) in a research note to investors on Friday, August 9th. They set an “outperform” rating and a GBX 36 ($0.57) price target on the stock.
Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $30.84.
Vantiv (NYSE:VNTV) traded up 0.04% on Wednesday, hitting $27.26. The stock had a trading volume of 512,875 shares. Vantiv has a 52-week low of $18.85 and a 52-week high of $28.70. The stock has a 50-day moving average of $27.17 and a 200-day moving average of $25.47. The company has a market cap of $3.732 billion and a price-to-earnings ratio of 33.03.
Vantiv (NYSE:VNTV) last announced its earnings results on Thursday, July 25th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.02. The company had revenue of $296.90 million for the quarter, compared to the consensus estimate of $299.63 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. Analysts expect that Vantiv will post $1.58 EPS for the current fiscal year.
In other Vantiv news, Director Jeffrey Stiefler sold 8,200 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $26.77, for a total transaction of $219,514.00. Following the completion of the transaction, the director now directly owns 233,212 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Vantiv, Inc, formerly Advent-Kong Blocker Corp. is a holding company that conducts its operations through its majority-owned subsidiaries, Vantiv Holding, LLC (NYSE:VNTV) and Transactive Ecommerce Solutions Inc (Transactive).
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