Teradata Corp. Given Outperform Rating at William Blair (TDC)
Teradata Corp. (NYSE:TDC)‘s stock had its “outperform” rating restated by equities research analysts at William Blair in a research note issued to investors on Tuesday, American Banking & Market News reports.
The analysts wrote, “Monday evening, Teradata released preliminary third quarter 2013 results that were well below the Street’s expectations. The company highlighted that it noticed the majority of the weakness outside of the United States and Europe, which were up 8% and 13% respectively year-over-year. The Asia-Pacific and Japan markets witnessed significant weakness during the quarter, down 21% year-over-year. We believe that in addition to the weakness in the Asia-Pacific/Japan region, the company experienced a slowing business environment in Latin America, Eastern Europe, China, and Africa—largely the emerging and BRIC markets. While we were disappointed with the results, given the slowdown in these regions, it is not huge surprise that capex spending was muted in the period.”
A number of other analysts have also recently weighed in on TDC. Analysts at KeyCorp reiterated a “hold” rating on shares of Teradata Corp. in a research note to investors on Tuesday. Separately, analysts at Wellington Shields downgraded shares of Teradata Corp. to a “hold” rating in a research note to investors on Tuesday. Finally, analysts at Credit Agricole reiterated a “buy” rating on shares of Teradata Corp. in a research note to investors on Tuesday. They now have a $63.00 price target on the stock, down previously from $77.00. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $60.28.
Teradata Corp. (NYSE:TDC) traded down 16.50% during mid-day trading on Tuesday, hitting $43.905. 15,203,809 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 $7.161 billion and a price-to-earnings ratio of 23.23.
Teradata Corp. (NYSE:TDC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.76 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.77 earnings per share. Teradata Corp.’s revenue was up .8% compared to the same quarter last year. On average, analysts predict that Teradata Corp. will post $3.05 earnings per share 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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