Fidelity National Information Services Price Target Increased to $53.00 by Analysts at Oppenheimer (FIS)
Investment analysts at Oppenheimer hoisted their target price on shares of Fidelity National Information Services (NYSE:FIS) from $47.00 to $53.00 in a note issued to investors on Wednesday, Stock Ratings News reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price would suggest a potential upside of 16.15% from the stock’s previous close.
A number of other firms have also recently commented on FIS. Analysts at Zacks reiterated a “neutral” rating on shares of Fidelity National Information Services in a research note to investors on Tuesday, October 8th. They now have a $48.00 price target on the stock. Separately, analysts at RBC Capital reiterated a “hold” rating on shares of Fidelity National Information Services in a research note to investors on Wednesday, September 18th. They now have a $17.00 price target on the stock. Finally, analysts at Evercore Partners raised their price target on shares of Fidelity National Information Services from $47.00 to $53.00 in a research note to investors on Wednesday, September 18th. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Fidelity National Information Services has a consensus rating of “Hold” and an average target price of $44.50.
Fidelity National Information Services (NYSE:FIS) opened at 45.63 on Wednesday. Fidelity National Information Services has a 52-week low of $32.08 and a 52-week high of $47.73. The stock’s 50-day moving average is $45.87 and its 200-day moving average is $44.19. The company has a market cap of $13.329 billion and a P/E ratio of 28.54.
Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.13. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts predict that Fidelity National Information Services will post $2.82 earnings per share for the current fiscal year.
Fidelity National Information Services, Inc (NYSE:FIS) is a global provider of banking and payments technologies.
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