Vantiv’s Buy Rating Reaffirmed at Credit Suisse (VNTV)
Vantiv (NYSE:VNTV)‘s stock had its “buy” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Wednesday, AnalystRatings.Net reports. They currently have a $27.00 target price on the stock. Credit Suisse’s target price suggests a potential downside of 0.95% from the company’s current price.
A number of other analysts have also recently weighed in on VNTV. Analysts at Evercore Partners raised their price target on shares of Vantiv (NYSE:VNTV) from $33.00 to $38.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, 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. 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 equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Vantiv has a consensus rating of “Buy” and an average 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 P/E ratio of 33.03.
Vantiv (NYSE:VNTV) last released its earnings data on Thursday, July 25th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.32 earnings per share. Vantiv’s revenue was up 14.0% compared to the same quarter last year. On average, analysts predict that Vantiv will post $1.58 earnings per share for the current fiscal year.
In other Vantiv news, Director Jeffrey Stiefler unloaded 8,200 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $26.77, for a total transaction of $219,514.00. Following the sale, the director now directly owns 233,212 shares of the company’s stock. The transaction was disclosed in a filing 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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