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Equities research analysts at Barclays initiated coverage on shares of Vantiv (NYSE:VNTV) in a research note issued to investors on Monday. The firm set an “overweight” rating and a $40.00 price target on the stock. Barclays’ price target points to a potential upside of 17.37% from the company’s current price.

The analysts wrote, “We see upside driven by upward revisions to 2015 consensus estimates due to synergies from the Mercury deal as well as room for slight multiple expansion as the market comes to realize VNTV’s strengthened position in the US market.”

Shares of Vantiv (NYSE:VNTV) traded down 0.12% on Monday, hitting $34.04. 111,558 shares of the company’s stock traded hands. Vantiv has a one year low of $25.21 and a one year high of $34.46. The stock’s 50-day moving average is $32.29 and its 200-day moving average is $31.25. The company has a market cap of $4.705 billion and a P/E ratio of 38.86. Vantiv also saw a significant decline in short interest in the month of June. As of June 13th, there was short interest totalling 2,975,842 shares, a decline of 33.5% from the May 30th total of 4,471,798 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily volume of 1,273,230 shares, the days-to-cover ratio is currently 2.3 days.

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.

Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Vantiv in a research note on Tuesday, June 24th. They now have a $39.00 price target on the stock, up previously from $35.00. Separately, 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. Finally, 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. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.44.

In other Vantiv news, Insider Donald Boeding sold 6,266 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $34.00, for a total value of $213,044.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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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