Vantiv, Inc. (VNTV) Rating Reiterated by Royal Bank Of Canada
Vantiv, Inc. (NYSE:VNTV)‘s stock had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada in a research report issued on Friday. They presently have a $78.00 price target on the business services provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 10.86% from the stock’s previous close.
Several other research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Vantiv from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Stifel Nicolaus decreased their price target on shares of Vantiv from $66.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, July 6th. KeyCorp reiterated a “buy” rating and issued a $80.00 price target on shares of Vantiv in a research report on Friday, September 1st. Bank of America Corporation started coverage on shares of Vantiv in a research report on Tuesday, September 12th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded shares of Vantiv from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Tuesday, September 5th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $75.68.
Vantiv (NYSE:VNTV) last released its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The business had revenue of $530.00 million for the quarter, compared to the consensus estimate of $525.12 million. During the same period last year, the firm earned $0.70 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis.
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Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Vantiv by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 13,320,268 shares of the business services provider’s stock worth $843,706,000 after buying an additional 492,711 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Vantiv by 6.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,590,298 shares of the business services provider’s stock worth $599,412,000 after buying an additional 614,832 shares in the last quarter. BlackRock Inc. grew its stake in shares of Vantiv by 3,456.0% in the 1st quarter. BlackRock Inc. now owns 10,553,819 shares of the business services provider’s stock worth $676,710,000 after buying an additional 10,257,026 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Vantiv by 3.1% in the 1st quarter. William Blair Investment Management LLC now owns 5,769,789 shares of the business services provider’s stock worth $369,959,000 after buying an additional 171,224 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in shares of Vantiv by 5.6% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,404,876 shares of the business services provider’s stock worth $279,005,000 after buying an additional 235,112 shares in the last quarter. 80.16% of the stock is owned by institutional investors and hedge funds.
Vantiv, Inc is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.
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