Fiserv Stock Rating Reaffirmed by Zacks (FISV)
Fiserv (NASDAQ:FISV)‘s stock had its “neutral” rating reiterated by Zacks in a report released on Monday. They currently have a $64.00 price target on the stock. Zacks‘s price target would indicate a potential upside of 4.78% from the stock’s previous close.
Shares of Fiserv (NASDAQ:FISV) traded down 0.52% on Monday, hitting $60.76. The stock had a trading volume of 828,302 shares. Fiserv has a 1-year low of $44.04 and a 1-year high of $62.27. The stock’s 50-day moving average is $60.25 and its 200-day moving average is $58.30. The company has a market cap of $15.143 billion and a price-to-earnings ratio of 22.99.
Fiserv (NASDAQ:FISV) last released its earnings data on Tuesday, April 29th. The company reported $0.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.08. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the company posted $0.67 earnings per share. Fiserv’s revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that Fiserv will post $3.35 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Fiserv in a research note on Wednesday, April 30th. They now have a $54.00 price target on the stock, up previously from $50.00. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Fiserv in a research note on Wednesday, April 30th. They now have a $61.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. Fiserv currently has a consensus rating of “Buy” and a consensus price target of $85.45.
Fiserv, Inc (NASDAQ:FISV) is a global provider of financial services technology.
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