Vantiv’s Outperform Rating Reaffirmed at Oppenheimer (VNTV)
Vantiv (NYSE:VNTV)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Oppenheimer in a research note issued to investors on Thursday, American Banking News.com reports. They currently have a $35.00 price objective on the stock. Oppenheimer’s target price suggests a potential upside of 19.45% from the stock’s previous close.
Vantiv (NYSE:VNTV) traded down 4.72% during mid-day trading on Thursday, hitting $29.30. The stock had a trading volume of 2,763,585 shares. Vantiv has a 1-year low of $22.02 and a 1-year high of $34.42. The stock’s 50-day moving average is $30.36 and its 200-day moving average is $30.26. The company has a market cap of $4.065 billion and a P/E ratio of 35.30.
Vantiv (NYSE:VNTV) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.02. The company had revenue of $288.50 million for the quarter, compared to the consensus estimate of $289.40 million. Analysts expect that Vantiv will post $1.82 EPS for the current fiscal year.
In other Vantiv news, Director Jeffrey Stiefler unloaded 6,000 shares of Vantiv stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $30.03, for a total value of $180,180.00. Following the transaction, the director now directly owns 107,523 shares in the company, valued at approximately $3,228,916. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of other analysts have also recently weighed in on VNTV. Analysts at Nomura raised their price target on shares of Vantiv from $33.00 to $37.50 in a research note on Wednesday, March 5th. Analysts at Jefferies Group downgraded shares of Vantiv from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $32.69.
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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