Susquehanna Lowers Teradata Corp. Price Target to $62.00 (TDC)
Investment analysts at Susquehanna dropped their price objective on shares of Teradata Corp. (NYSE:TDC) from $72.00 to $62.00 in a note issued to investors on Tuesday, Analyst RN reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price objective would indicate a potential upside of 44.49% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital cut their price target on shares of Teradata Corp. from $70.00 to $55.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at FBN Securities cut their price target on shares of Teradata Corp. from $70.00 to $55.00 in a research note to investors on Tuesday. They now have a “sector perform” rating on the stock. Finally, analysts at Barclays cut their price target on shares of Teradata Corp. from $69.00 to $63.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Teradata Corp. has an average rating of “Hold” and an average price target of $57.83.
Shares of Teradata Corp. (NYSE:TDC) traded down 18.39% on Tuesday, hitting $42.91. 21,665,876 shares of the company’s stock traded hands. Teradata Corp. has a 52-week low of $48.11 and a 52-week high of $75.86. The stock has a 50-day moving average of $57.20 and a 200-day moving average of $56.10. The company has a market cap of $6.999 billion and a price-to-earnings ratio of 23.23.
Teradata Corp. (NYSE:TDC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.05. The company had revenue of $670.00 million for the quarter, compared to the consensus estimate of $670.70 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that Teradata Corp. will post $3.05 EPS for the current fiscal year.
Teradata Corporation (NYSE:TDC) is engaged in analytic data solutions, including integrated data warehousing, big data analytics and business applications.
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