Vantiv Coverage Initiated at Oppenheimer (VNTV)
Stock analysts at Oppenheimer assumed coverage on shares of Vantiv (NYSE:VNTV) in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $32.00 price target on the stock. Oppenheimer’s price target would indicate a potential upside of 19.99% from the stock’s previous close.
The analysts wrote, “We initiate coverage on Vantiv Inc. with an Outperform rating and a $32 price target. Vantiv has one of the more attractive growth outlooks within Payment Processing and should continue to enjoy market share gains from direct sales and distribution channel expansion. Its acquisition of Litle expands its eCommerce processing capabilities and should provide valuable cross-selling opportunities. Vantiv also benefits from the secular transition toward electronic payments, and its single processing platform provides competitive differentiation and likely contributes to its strong profitability. We believe our long-term low to mid-teens EPS growth estimates, VNTV’s strong margins and its diversified/stable vertical mix warrant its valuation premium.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated a “buy” rating on shares of Vantiv in a research note to investors on Wednesday, September 18th. They now have a $27.00 price target on the stock. Separately, analysts at Evercore Partners raised their price target on shares of Vantiv from $33.00 to $38.00 in a research note to investors on Wednesday, September 18th. They now have an “overweight” rating on the stock. Finally, analysts at Wells Fargo & Co. upgraded shares of Vantiv from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, August 22nd. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $30.92.
In other Vantiv news, CFO Mark Heimbouch unloaded 13,750 shares of the company’s stock on the open market in a transaction dated Monday, October 7th. The stock was sold at an average price of $27.16, for a total value of $373,450.00. Following the completion of the sale, the chief financial officer now directly owns 372,574 shares of the company’s stock, valued at approximately $10,119,110. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Vantiv (NYSE:VNTV) opened at 26.67 on Thursday. Vantiv has a 1-year low of $18.85 and a 1-year high of $28.70. The stock has a 50-day moving average of $27.06 and a 200-day moving average of $26.00. The company has a market cap of $3.651 billion and a P/E ratio of 32.33.
Vantiv (NYSE:VNTV) last released its earnings data 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.
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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