Teradata Corp. Stock Rating Lowered by Sterne Agee (TDC)
Teradata Corp. (NYSE:TDC) was downgraded by equities researchers at Sterne Agee from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $70.00 target price on the stock. Sterne Agee’s target price would indicate a potential upside of 33.13% from the stock’s previous close.
The analysts wrote, “With few catalysts through the remainder of the year, along with a lower projected product growth rate into FY2014, we see limited opportunity for the stock to significantly recover in the near term as the growth multiple compresses. Our bullish stance on Teradata was partially predicated on the management’s better visibility exiting the June quarter, which for now appears negatively impacted again.”
Teradata Corp. (NYSE:TDC) traded down 16.41% during mid-day trading on Tuesday, hitting $43.95. The stock had a trading volume of 13,159,172 shares. Teradata Corp. has a one year low of $48.11 and a one year 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 $7.168 billion and a P/E 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 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.
A number of other analysts have also recently weighed in on TDC. 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. Separately, 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. Finally, analysts at Mizuho cut their price target on shares of Teradata Corp. from $60.00 to $52.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. Teradata Corp. currently has a consensus rating of “Hold” and an average target price of $60.47.
Teradata Corporation (NYSE:TDC) is engaged in analytic data solutions, including integrated data warehousing, big data analytics and business applications.
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