Teradata Corp. Price Target Raised to $61.00 at Barclays (TDC)
Equities researchers at Barclays lifted their price target on shares of Teradata Corp. (NYSE:TDC) from $45.00 to $61.00 in a research report issued on Wednesday, AnalystRatingsNetwork.com reports. Barclays’ price objective would suggest a potential upside of 33.83% from the company’s current price.
Teradata Corp. (NYSE:TDC) traded up 1.49% on Wednesday, hitting $46.26. The stock had a trading volume of 3,257,611 shares. Teradata Corp. has a 52 week low of $39.16 and a 52 week high of $65.96. The stock has a 50-day moving average of $43.94 and a 200-day moving average of $48.6. The company has a market cap of $7.480 billion and a P/E ratio of 20.08.
Teradata Corp. (NYSE:TDC) last announced its earnings results on Thursday, February 6th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.03. The company had revenue of $769.00 million for the quarter, compared to the consensus estimate of $743.60 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts predict that Teradata Corp. will post $2.94 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TDC. Analysts at Zacks reiterated a “neutral” rating on shares of Teradata Corp. in a research note on Friday, February 7th. They now have a $43.00 price target on the stock. Separately, analysts at Morgan Stanley downgraded shares of Teradata Corp. to an “underweight” rating in a research note on Friday, February 7th. They now have a $37.00 price target on the stock, up previously from $36.00. Finally, analysts at Credit Suisse cut their price target on shares of Teradata Corp. from $45.00 to $42.50 in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the stock. Teradata Corp. currently has a consensus rating of “Hold” and an average price target of $52.20.
In other Teradata Corp. news, Director William Stavropoulos acquired 1,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of $43.12 per share, for a total transaction of $43,120.00. Following the completion of the transaction, the director now directly owns 33,854 shares of the company’s stock, valued at approximately $1,459,784. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Teradata Corporation (NYSE:TDC) is engaged in analytic data solutions, including integrated data warehousing, big data analytics and business applications.
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