First Data Corporation (FDC) Given Consensus Rating of “Buy” by Brokerages
Shares of First Data Corporation (NYSE:FDC) have received an average rating of “Buy” from the thirty-one analysts that are covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and twenty-two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $18.79.
A number of brokerages recently commented on FDC. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $23.00 price objective (up from $22.00) on shares of First Data Corporation in a research report on Thursday. Morgan Stanley boosted their price objective on shares of First Data Corporation from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday. BidaskClub downgraded shares of First Data Corporation from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research raised shares of First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Wednesday, August 2nd. Finally, Craig Hallum reaffirmed a “buy” rating and set a $25.00 price objective (up from $20.00) on shares of First Data Corporation in a research report on Tuesday.
Shares of First Data Corporation (NYSE:FDC) traded down 0.29% during trading on Friday, hitting $17.47. 4,888,497 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $18.41 and its 200 day moving average is $16.75. The firm has a market capitalization of $16.12 billion, a PE ratio of 29.21 and a beta of 1.77. First Data Corporation has a 1-year low of $12.74 and a 1-year high of $19.20.
First Data Corporation (NYSE:FDC) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.06. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. On average, equities research analysts forecast that First Data Corporation will post $1.53 earnings per share for the current year.
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A number of institutional investors have recently added to or reduced their stakes in FDC. Pacer Advisors Inc. boosted its position in shares of First Data Corporation by 8.9% in the second quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock worth $101,000 after buying an additional 452 shares in the last quarter. Advisor Group Inc. boosted its position in shares of First Data Corporation by 113.3% in the second quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock worth $102,000 after buying an additional 2,964 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of First Data Corporation by 1,276.6% in the first quarter. Tower Research Capital LLC TRC now owns 6,635 shares of the business services provider’s stock worth $103,000 after buying an additional 6,153 shares in the last quarter. Independent Portfolio Consultants Inc. acquired a new position in shares of First Data Corporation during the first quarter worth about $106,000. Finally, Nordea Investment Management AB boosted its position in shares of First Data Corporation by 9.0% in the first quarter. Nordea Investment Management AB now owns 7,632 shares of the business services provider’s stock worth $118,000 after buying an additional 632 shares in the last quarter. Hedge funds and other institutional investors own 36.55% of the company’s stock.
About First Data Corporation
First Data Corporation is a provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers. The Company’s segments are Global Business Solutions (GBS), Global Financial Solutions (GFS), Network & Security Solutions (NSS), and Corporate. The GBS segment provides businesses of all sizes and types with a range of solutions at the point of sale, including merchant acquiring, e-commerce, mobile commerce, point-of-sale, and other business solutions.
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