Vantiv Given “Buy” Rating at Jefferies Group (VNTV)
Vantiv (NYSE:VNTV)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Group in a report issued on Wednesday, American Banking & Market News reports. They currently have a $32.00 price objective on the stock, up from their previous price objective of $29.00. Jefferies Group’s price objective suggests a potential upside of 16.83% from the stock’s previous close.
In other Vantiv news, CFO Mark Heimbouch sold 13,750 shares of the stock on the open market in a transaction dated Monday, October 7th. The shares were sold at an average price of $27.16, for a total value of $373,450.00. Following the completion of the transaction, the chief financial officer now directly owns 372,574 shares of the company’s stock, valued at approximately $10,119,110. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Vantiv (NYSE:VNTV) opened at 27.39 on Wednesday. Vantiv has a 52 week low of $18.85 and a 52 week high of $28.70. The stock has a 50-day moving average of $27.05 and a 200-day moving average of $26.11. The company has a market cap of $3.750 billion and a P/E ratio of 33.20.
Vantiv (NYSE:VNTV) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.02. The company had revenue of $296.90 million for the quarter, compared to the consensus estimate of $299.63 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, analysts predict that Vantiv will post $1.58 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer initiated coverage on shares of Vantiv in a research note to investors on Thursday, October 10th. They set an “outperform” rating and a $32.00 price target on the stock. Separately, analysts at Credit Suisse reiterated a “buy” rating on shares of Vantiv in a research note to investors on Wednesday, September 18th. They now have a $27.00 price target on the stock. Finally, analysts at Evercore Partners raised their price target on shares of Vantiv from $33.00 to $38.00 in a research note to investors on Wednesday, September 18th. They now have an “overweight” rating on the stock. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $31.12.
Vantiv, Inc, formerly Advent-Kong Blocker Corp. is a holding company that conducts its operations through its majority-owned subsidiaries, Vantiv Holding, LLC (NYSE:VNTV) and Transactive Ecommerce Solutions Inc (Transactive).
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