Teradata Lowered to Equal Weight at Barclays (TDC)
Teradata (NYSE:TDC) was downgraded by equities researchers at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued on Thursday. They currently have a $46.00 price target on the stock. Barclays’ price objective points to a potential upside of 0.44% from the stock’s previous close.
Shares of Teradata (NYSE:TDC) opened at 45.20 on Thursday. Teradata has a 52-week low of $37.66 and a 52-week high of $61.01. The stock’s 50-day moving average is $43.2 and its 200-day moving average is $43.91. The company has a market cap of $7.006 billion and a P/E ratio of 20.39.
Teradata (NYSE:TDC) last released its earnings data 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.
TDC has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets cut their price target on shares of Teradata from $45.00 to $44.00 in a research note on Friday, August 8th. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. Teradata has a consensus rating of “Hold” and a consensus target price of $51.29.
Teradata Corporation (NYSE:TDC) is engaged in analytic data solutions, including integrated data warehousing, big data analytics and business applications.
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