Fiserv Receives Average Recommendation of “Buy” from Analysts (NASDAQ:FISV)
Fiserv (NASDAQ:FISV) has been given an average rating of “Buy” by the thirteen analysts that are currently covering the stock, Analyst Ratings Network.com reports. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $80.08.
Fiserv (NASDAQ:FISV) opened at 62.72 on Monday. Fiserv has a 52-week low of $46.345 and a 52-week high of $63.17. The stock has a 50-day moving average of $61.66 and a 200-day moving average of $59.14. The company has a market cap of $15.631 billion and a price-to-earnings ratio of 22.78.
Fiserv (NASDAQ:FISV) last released its earnings data on Tuesday, July 29th. The company reported $0.81 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.50 earnings per share. Fiserv’s revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that Fiserv will post $3.36 earnings per share for the current fiscal year.
FISV has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Fiserv in a research note on Wednesday, August 13th. They now have a $67.00 price target on the stock, up previously from $60.00. Separately, 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. Finally, 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.
Fiserv, Inc (NASDAQ:FISV) is a global provider of financial services technology.
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