Vantiv Stock Rating Reaffirmed by Credit Suisse (VNTV)
Vantiv (NYSE:VNTV)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Tuesday. They currently have a $39.00 price target on the stock, up from their previous price target of $35.00. Credit Suisse’s price objective indicates a potential upside of 17.93% from the stock’s previous close.
VNTV has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Vantiv in a research note on Monday, June 16th. They now have a $36.00 price target on the stock, up previously from $32.00. Separately, analysts at Wells Fargo & Co. upgraded shares of Vantiv from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 29th. Finally, analysts at Evercore Partners raised their price target on shares of Vantiv from $3.00 to $40.00 in a research note on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Vantiv presently has a consensus rating of “Buy” and a consensus target price of $33.53.
In other Vantiv news, Insider William J. Weingart sold 3,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $33.10, for a total transaction of $99,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Vantiv (NYSE:VNTV) traded up 1.00% during mid-day trading on Tuesday, hitting $33.40. The stock had a trading volume of 274,969 shares. Vantiv has a 1-year low of $25.21 and a 1-year high of $34.42. The stock’s 50-day moving average is $31.23 and its 200-day moving average is $30.98. The company has a market cap of $4.617 billion and a price-to-earnings ratio of 37.71.
Vantiv (NYSE:VNTV) last released its earnings data on Wednesday, April 30th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the 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 $1.87 EPS for the current fiscal year.
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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