JPMorgan Chase & Co. Reiterates “Neutral” Rating for Fiserv (FISV)
Fiserv (NASDAQ:FISV)‘s stock had its “neutral” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Wednesday. They currently have a $67.00 price target on the stock, up from their previous price target of $60.00. JPMorgan Chase & Co.’s price target points to a potential upside of 8.91% from the company’s current price.
A number of other analysts have also recently weighed in on FISV. Analysts at Monness Crespi & Hardt initiated coverage on shares of Fiserv in a research note on Wednesday, August 6th. They set a “buy” rating and a $77.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Fiserv from $64.00 to $71.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Finally, 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. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $80.08.
Fiserv (NASDAQ:FISV) traded up 0.78% on Wednesday, hitting $62.00. The stock had a trading volume of 201,286 shares. Fiserv has a one year low of $46.345 and a one year high of $63.10. The stock has a 50-day moving average of $61.49 and a 200-day moving average of $59.05. The company has a market cap of $15.452 billion and a P/E ratio of 22.35.
Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, July 29th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.50 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts predict that Fiserv will post $3.36 earnings per share for the current fiscal year.
Fiserv, Inc (NASDAQ:FISV) is a global provider of financial services technology.
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