BMO Capital Markets Lowers Teradata Price Target to $44.00 (TDC)
Research analysts at BMO Capital Markets reduced their price objective on shares of Teradata (NYSE:TDC) from $45.00 to $44.00 in a report released on Friday. BMO Capital Markets’ target price points to a potential upside of 3.58% from the company’s current price.
TDC has been the subject of a number of other recent research reports. Analysts at Standpoint Research initiated coverage on shares of Teradata in a research note on Monday, July 14th. They set a “buy” rating and a $58.00 price target on the stock. Separately, analysts at JMP Securities downgraded shares of Teradata from an “outperform” rating to a “market perform” rating in a research note on Monday, June 23rd. They now have a $63.00 price target on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of Teradata from $37.00 to $35.00 in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $51.23.
Shares of Teradata (NYSE:TDC) traded up 2.07% during mid-day trading on Friday, hitting $42.48. The stock had a trading volume of 2,880,394 shares. Teradata has a 52 week low of $37.66 and a 52 week high of $64.90. The stock’s 50-day moving average is $41.9 and its 200-day moving average is $43.75. The company has a market cap of $6.699 billion and a price-to-earnings ratio of 18.10.
Teradata (NYSE:TDC) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.60 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.65 by $0.05. The company had revenue of $676.00 million for the quarter, compared to the consensus estimate of $660.70 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that Teradata will post $2.86 earnings per share for the current fiscal year.
Teradata Corporation (NYSE:TDC) is engaged in analytic data solutions, including integrated data warehousing, big data analytics and business applications.
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