Fiserv PT Raised to $60.00 (FISV)
Equities research analysts at SunTrust hoisted their price objective on shares of Fiserv (NASDAQ:FISV) from $56.00 to $60.00 in a research note issued to investors on Thursday. SunTrust’s price objective would suggest a potential downside of 2.34% from the stock’s previous close.
Fiserv (NASDAQ:FISV) traded down 0.37% on Thursday, hitting $61.44. 1,487,479 shares of the company’s stock traded hands. Fiserv has a 1-year low of $46.345 and a 1-year high of $63.10. The stock’s 50-day moving average is $61.24 and its 200-day moving average is $58.85. The company has a market cap of $15.312 billion and a price-to-earnings ratio of 22.40.
Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, July 29th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.01. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts expect that Fiserv will post $3.36 EPS for the current fiscal year.
A number of other firms have also recently commented on FISV. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Fiserv in a research note on Wednesday. They now have a $58.00 price target on the stock, up previously from $54.00. Separately, analysts at BMO Capital Markets initiated coverage on shares of Fiserv in a research note on Wednesday, July 16th. They set an “outperform” rating and a $73.00 price target on the stock. Finally, 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $82.42.
Fiserv, Inc (NASDAQ:FISV) is a global provider of financial services technology.
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