Fiserv Given Consensus Rating of “Buy” by Brokerages (NASDAQ:FISV)
Fiserv (NASDAQ:FISV) has earned an average rating of “Buy” from the twelve brokerages that are currently covering the stock, StockRatingsNetwork.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $85.45.
FISV has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Fiserv in a research note on Monday. They now have a $64.00 price target on the stock. Separately, 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. Finally, 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.
Fiserv (NASDAQ:FISV) traded down 0.12% during mid-day trading on Tuesday, hitting $60.77. 170,753 shares of the company’s stock traded hands. Fiserv has a 1-year low of $44.69 and a 1-year high of $62.27. The stock’s 50-day moving average is $60.30 and its 200-day moving average is $58.35. The company has a market cap of $15.146 billion and a price-to-earnings ratio of 22.90.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that Fiserv will post $3.35 EPS for the current fiscal year.
Fiserv, Inc (NASDAQ:FISV) is a global provider of financial services technology.
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