Fiserv Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:FISV)
Shares of Fiserv (NASDAQ:FISV) have earned an average recommendation of “Buy” from the twelve brokerages that are covering the stock, Stock Ratings Network.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $85.45.
A number of analysts have recently weighed in on FISV shares. Analysts at Zacks reiterated a “neutral” rating on shares of Fiserv in a research note on Monday, July 7th. 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.
Shares of Fiserv (NASDAQ:FISV) opened at 61.22 on Tuesday. Fiserv has a 52-week low of $45.31 and a 52-week high of $62.27. The stock’s 50-day moving average is $60.49 and its 200-day moving average is $58.4. The company has a market cap of $15.258 billion and a P/E ratio of 22.92.
Fiserv (NASDAQ:FISV) last announced its earnings results 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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