First Data Corp.’s (FDC) “Buy” Rating Reaffirmed at Mizuho
First Data Corp. (NYSE:FDC)‘s stock had its “buy” rating reissued by research analysts at Mizuho in a research report issued to clients and investors on Thursday. They currently have a $16.00 price target on the stock. Mizuho’s target price would indicate a potential upside of 20.85% from the stock’s current price.
Several other brokerages have also issued reports on FDC. Zacks Investment Research lowered shares of First Data Corp. from a “hold” rating to a “sell” rating in a research note on Monday, September 12th. Barclays PLC decreased their price target on shares of First Data Corp. from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Craig Hallum initiated coverage on shares of First Data Corp. in a research note on Tuesday, August 30th. They set a “buy” rating and a $20.00 price target for the company. Nomura restated a “hold” rating and set a $14.00 price target on shares of First Data Corp. in a research note on Wednesday, August 3rd. Finally, Deutsche Bank AG restated a “buy” rating on shares of First Data Corp. in a research note on Monday, July 18th. Ten analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.73.
First Data Corp. (NYSE:FDC) traded down 0.75% during midday trading on Thursday, reaching $13.24. The company’s stock had a trading volume of 2,135,374 shares. The company’s market cap is $12.05 billion. The stock has a 50-day moving average price of $13.52 and a 200 day moving average price of $12.50. First Data Corp. has a 12 month low of $8.37 and a 12 month high of $17.99.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/first-data-corp-s-fdc-buy-rating-reaffirmed-at-mizuho-2.html
First Data Corp. (NYSE:FDC) last posted its earnings results on Monday, August 1st. The company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.81 billion. First Data Corp.’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that First Data Corp. will post $1.32 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. Creative Planning increased its stake in First Data Corp. by 498.0% in the third quarter. Creative Planning now owns 14,650 shares of the company’s stock valued at $193,000 after buying an additional 12,200 shares in the last quarter. Telemus Capital LLC purchased a new position in shares of First Data Corp. during the third quarter valued at approximately $1,270,000. North Star Asset Management Inc. purchased a new position in shares of First Data Corp. during the third quarter valued at approximately $3,268,000. BNP Paribas Arbitrage SA increased its position in shares of First Data Corp. by 32.7% in the third quarter. BNP Paribas Arbitrage SA now owns 36,403 shares of the company’s stock valued at $479,000 after buying an additional 8,973 shares during the period. Finally, Nomura Holdings Inc. purchased a new position in shares of First Data Corp. during the second quarter valued at approximately $52,998,000. 33.66% of the stock is owned by institutional investors and hedge funds.
About First Data Corp.
Receive News & Ratings for First Data Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Data Corp. and related companies with MarketBeat.com's FREE daily email newsletter.