Fiserv Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:FISV)
Shares of Fiserv (NASDAQ:FISV) have received a consensus rating of “Buy” from the thirteen brokerages that are covering the stock, American Banking & Market News reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $80.08.
Fiserv (NASDAQ:FISV) opened at 64.22 on Monday. Fiserv has a 1-year low of $46.345 and a 1-year high of $64.47. The stock’s 50-day moving average is $62.04 and its 200-day moving average is $59.36. The company has a market cap of $16.005 billion and a price-to-earnings ratio of 23.36.
Fiserv (NASDAQ:FISV) last issued its quarterly 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.
Several analysts have recently commented on the stock. 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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