Vantiv Receives Consensus Rating of “Buy” from Brokerages (NYSE:VNTV)
Shares of Vantiv (NYSE:VNTV) have been given a consensus rating of “Buy” by the sixteen brokerages that are currently covering the stock, Analyst Ratings News reports. One research analyst has rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $36.78.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Vantiv in a research note on Wednesday, August 13th. They now have a $42.00 price target on the stock, up previously from $37.00. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Vantiv in a research note on Friday, August 1st. They now have a $40.00 price target on the stock, up previously from $34.00. Finally, analysts at Nomura raised their price target on shares of Vantiv from $37.50 to $39.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock.
Shares of Vantiv (NYSE:VNTV) opened at 31.04 on Wednesday. Vantiv has a 52 week low of $25.21 and a 52 week high of $34.90. The stock has a 50-day moving average of $32.75 and a 200-day moving average of $31.66. The company has a market cap of $4.360 billion and a P/E ratio of 42.87.
Vantiv (NYSE:VNTV) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.47 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.47. The company had revenue of $331.30 million for the quarter, compared to the consensus estimate of $322.80 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts predict that Vantiv will post $1.89 earnings per share for the current fiscal year.
In other Vantiv news, Director Jeffrey E. Stiefler sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $31.96, for a total value of $191,760.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Vantiv, Inc, formerly Advent-Kong Blocker Corp., is a holding company that conducts its operations through its majority-owned subsidiaries, Vantiv Holding, LLC (NYSE:VNTV) and Transactive Ecommerce Solutions Inc (Transactive).
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