First Data Corp.’s (FDC) “Buy” Rating Reaffirmed at Mizuho
First Data Corp. (NYSE:FDC)‘s stock had its “buy” rating reissued by equities researchers at Mizuho in a research note issued on Thursday. They currently have a $16.00 price target on the stock. Mizuho’s target price would suggest a potential upside of 20.85% from the stock’s current price.
Several other research firms have also commented on FDC. Zacks Investment Research upgraded shares of First Data Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, September 6th. Wedbush began coverage on shares of First Data Corp. in a report on Thursday, September 8th. They issued a “neutral” rating and a $15.00 price target for the company. Deutsche Bank AG restated a “buy” rating on shares of First Data Corp. in a report on Wednesday, September 14th. Jefferies Group began coverage on shares of First Data Corp. in a report on Wednesday, August 31st. They issued a “buy” rating and a $16.50 price target for the company. Finally, Nomura restated a “hold” rating and issued a $14.00 price target on shares of First Data Corp. in a report on Friday, August 12th. Ten investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.73.
Shares of First Data Corp. (NYSE:FDC) traded down 0.75% on Thursday, reaching $13.24. 2,135,374 shares of the company were exchanged. The stock’s market capitalization is $12.05 billion. First Data Corp. has a 52 week low of $8.37 and a 52 week high of $17.99. The firm’s 50 day moving average price is $13.52 and its 200 day moving average price is $12.50.
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First Data Corp. (NYSE:FDC) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The business earned $1.98 billion during the quarter, compared to the consensus estimate of $1.81 billion. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts anticipate that First Data Corp. will post $1.32 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. acquired a new stake in First Data Corp. during the second quarter valued at approximately $105,000. Public Employees Retirement Association of Colorado increased its stake in First Data Corp. by 74.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,044 shares of the company’s stock valued at $111,000 after buying an additional 4,271 shares during the period. Royal Bank of Canada increased its stake in First Data Corp. by 10.5% in the first quarter. Royal Bank of Canada now owns 8,833 shares of the company’s stock valued at $114,000 after buying an additional 836 shares during the period. Moors & Cabot Inc. acquired a new stake in First Data Corp. during the second quarter valued at approximately $115,000. Finally, Acrospire Investment Management LLC increased its stake in First Data Corp. by 2,600.0% in the second quarter. Acrospire Investment Management LLC now owns 10,800 shares of the company’s stock valued at $120,000 after buying an additional 10,400 shares during the period. 33.66% of the stock is currently owned by institutional investors and hedge funds.
First Data Corp. Company Profile
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