Fiserv Now Covered by Analysts at Monness Crespi & Hardt (FISV)
Monness Crespi & Hardt started coverage on shares of Fiserv (NASDAQ:FISV) in a research note issued on Wednesday. The firm set a “buy” rating and a $77.00 price target on the stock. Monness Crespi & Hardt’s price target points to a potential upside of 26.54% from the company’s current price.
A number of other firms have also recently commented on FISV. Analysts at Jefferies Group raised their price target on shares of Fiserv from $64.00 to $71.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Fiserv in a research note on Thursday, July 31st. They now have a $63.00 price target on the stock, up previously from $61.00. Finally, analysts at SunTrust raised their price target on shares of Fiserv from $56.00 to $60.00 in a research note on Thursday, July 31st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $82.54.
Shares of Fiserv (NASDAQ:FISV) opened at 60.85 on Wednesday. Fiserv has a 52-week low of $46.345 and a 52-week high of $63.10. The stock has a 50-day moving average of $61.3 and a 200-day moving average of $58.92. The company has a market cap of $15.165 billion and a price-to-earnings ratio of 22.31.
Fiserv (NASDAQ:FISV) last posted its quarterly 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.
Fiserv, Inc (NASDAQ:FISV) is a global provider of financial services technology.
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