Morgan Stanley Downgrades Teradata Corp. to Equal Weight (TDC)
Teradata Corp. (NYSE:TDC) was downgraded by Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued on Tuesday, Analyst Ratings Network reports. The analysts noted that the move was a valuation call.
Teradata Corp. (NYSE:TDC) traded down 16.30% during mid-day trading on Tuesday, hitting $44.01. The stock had a trading volume of 13,532,348 shares. Teradata Corp. has a 1-year low of $48.11 and a 1-year high of $75.86. The stock’s 50-day moving average is $57.20 and its 200-day moving average is $56.10. The company has a market cap of $7.178 billion and a price-to-earnings ratio of 23.23.
Teradata Corp. (NYSE:TDC) last announced its 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.
A number of other analysts have also recently weighed in on TDC. Analysts at Sterne Agee downgraded shares of Teradata Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $70.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Teradata Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $50.00 price target on the stock, down previously from $74.00. Finally, analysts at Credit Suisse downgraded shares of Teradata Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $45.00 price target on the stock, down previously from $75.00. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. Teradata Corp. has an average rating of “Hold” and an average target price of $60.28.
Teradata Corporation (NYSE:TDC) is engaged in analytic data solutions, including integrated data warehousing, big data analytics and business applications.
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