Teradata Corp. Given New $50.00 Price Target at BMO Capital Markets (TDC)
Equities research analysts at BMO Capital Markets reduced their price objective on shares of Teradata Corp. (NYSE:TDC) from $68.00 to $50.00 in a research note issued to investors on Thursday, American Banking & Market News reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 10.01% from the stock’s previous close.
Shares of Teradata Corp. (NYSE:TDC) traded up 4.68% during mid-day trading on Thursday, hitting $45.45. 3,927,296 shares of the company’s stock traded hands. Teradata Corp. has a 52-week low of $48.11 and a 52-week high of $80.97. The stock has a 50-day moving average of $60.57 and a 200-day moving average of $56.41. The company has a market cap of $7.413 billion and a price-to-earnings ratio of 19.19.
Teradata Corp. (NYSE:TDC) last posted its quarterly earnings results 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.
Several other analysts have also recently commented on the stock. Analysts at Hilliard Lyons downgraded shares of Teradata Corp. to a “buy” rating in a research note to investors on Tuesday, October 15th. They now have a $58.00 price target on the stock, down previously from $75.00. Separately, analysts at UBS AG cut their price target on shares of Teradata Corp. from $65.00 to $55.00 in a research note to investors on Tuesday, October 15th. They now have a “neutral” rating on the stock. Finally, analysts at Susquehanna cut their price target on shares of Teradata Corp. from $72.00 to $62.00 in a research note to investors on Tuesday, October 15th. They now have a “positive” rating on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $57.45.
Teradata Corporation (NYSE:TDC) is engaged in analytic data solutions, including integrated data warehousing, big data analytics and business applications.
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