Fidelity National Information Services Receives “Neutral” Rating from Zacks (FIS)
Fidelity National Information Services (NYSE:FIS)‘s stock had its “neutral” rating restated by Zacks in a research note issued on Tuesday, AnalystRatingsNetwork.com reports. They currently have a $48.00 price objective on the stock. Zacks‘ target price would suggest a potential upside of 4.58% from the company’s current price.
FIS has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated a “hold” rating on shares of Fidelity National Information Services in a research note to investors on Wednesday, September 18th. They now have a $17.00 price target on the stock. Separately, analysts at Evercore Partners raised their price target on shares of Fidelity National Information Services from $47.00 to $53.00 in a research note to investors on Wednesday, September 18th. They now have an “overweight” rating on the stock. Finally, analysts at SunTrust upgraded shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 9th. They now have a $52.00 price target on the stock, up previously from $47.00. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $44.07.
Shares of Fidelity National Information Services (NYSE:FIS) traded down 0.28% during mid-day trading on Tuesday, hitting $45.77. 702,192 shares of the company’s stock traded hands. Fidelity National Information Services has a 52-week low of $30.90 and a 52-week high of $47.73. The stock’s 50-day moving average is $45.87 and its 200-day moving average is $43.9. The company has a market cap of $13.370 billion and a price-to-earnings ratio of 28.71.
Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.57 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.70 by $0.13. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company posted $0.66 earnings per share. Fidelity National Information Services’s revenue was up 3.8% compared to the same quarter last year.
Fidelity National Information Services, Inc (NYSE:FIS) is a global provider of banking and payments technologies.
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