Fidelity National Information Services Receives Average Recommendation of “Buy” from Brokerages (NYSE:FIS)
Fidelity National Information Services (NYSE:FIS) has received a consensus rating of “Buy” from the eleven analysts that are currently covering the stock, American Banking News reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $53.75.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Fidelity National Information Services from a “neutral” rating to an “outperform” rating in a research note on Friday. They now have a $65.00 price target on the stock. Separately, analysts at Avondale Partners upgraded shares of Fidelity National Information Services from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 15th.
Fidelity National Information Services (NYSE:FIS) traded up 0.22% during mid-day trading on Monday, hitting $54.56. The stock had a trading volume of 169,895 shares. Fidelity National Information Services has a 52-week low of $42.09 and a 52-week high of $56.68. The stock’s 50-day moving average is $54.04 and its 200-day moving average is $53.17. The company has a market cap of $15.702 billion and a P/E ratio of 31.71.
Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Thursday, May 1st. The company reported $0.68 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.68. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.54 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts expect that Fidelity National Information Services will post $3.10 EPS 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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