Teradata Corp. Price Target Lowered to $55.00 at FBN Securities (TDC)
FBN Securities reduced their price target on shares of Teradata Corp. (NYSE:TDC) from $70.00 to $55.00 in a research note issued on Tuesday, Stock Ratings Network.com reports. The firm currently has a “sector perform” rating on the stock. FBN Securities’ price objective points to a potential upside of 28.18% from the stock’s previous close.
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 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 $6.999 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 (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.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Teradata Corp. in a research note to investors on Tuesday. Finally, analysts at William Blair reiterated an “outperform” rating on shares of Teradata Corp. in a research note to investors on Tuesday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $57.83.
Teradata Corporation (NYSE:TDC) is engaged in analytic data solutions, including integrated data warehousing, big data analytics and business applications.
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