Teradata Corporation (TDC) Stock Rating Reaffirmed by Mizuho
Teradata Corporation (NYSE:TDC)‘s stock had its “underperform” rating restated by equities researchers at Mizuho in a research note issued to investors on Wednesday. They presently have a $32.00 target price on the technology company’s stock, up from their prior target price of $26.00. Mizuho’s price objective points to a potential downside of 11.33% from the company’s current price.
Several other research analysts also recently issued reports on TDC. BidaskClub downgraded shares of Teradata Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $32.00 target price on shares of Teradata Corporation in a research note on Monday, July 10th. BMO Capital Markets reiterated a “hold” rating and issued a $30.00 target price on shares of Teradata Corporation in a research note on Sunday, July 16th. Needham & Company LLC started coverage on shares of Teradata Corporation in a research note on Monday, September 11th. They issued a “hold” rating on the stock. Finally, Sanford C. Bernstein reiterated an “underperform” rating and issued a $27.00 target price on shares of Teradata Corporation in a research note on Monday, September 11th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. Teradata Corporation presently has an average rating of “Hold” and an average price target of $30.70.
Shares of Teradata Corporation (NYSE:TDC) traded up $2.80 during midday trading on Wednesday, hitting $36.09. 1,870,724 shares of the stock traded hands, compared to its average volume of 1,381,599. The stock has a market cap of $4,850.71, a P/E ratio of 33.09 and a beta of 1.23.
Teradata Corporation (NYSE:TDC) last issued its earnings results on Thursday, November 2nd. The technology company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.17. The firm had revenue of $526.00 million for the quarter, compared to the consensus estimate of $511.23 million. Teradata Corporation had a net margin of 3.01% and a return on equity of 16.47%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. research analysts expect that Teradata Corporation will post 0.9 earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in TDC. BlackRock Inc. increased its holdings in Teradata Corporation by 5,397.6% during the first quarter. BlackRock Inc. now owns 7,801,522 shares of the technology company’s stock valued at $242,782,000 after buying an additional 7,659,614 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Teradata Corporation by 24.1% during the second quarter. Ameriprise Financial Inc. now owns 6,293,085 shares of the technology company’s stock valued at $185,598,000 after buying an additional 1,221,193 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Teradata Corporation during the third quarter valued at approximately $33,107,000. Frontier Capital Management Co. LLC purchased a new stake in Teradata Corporation during the second quarter valued at approximately $22,262,000. Finally, Bank of New York Mellon Corp increased its holdings in Teradata Corporation by 6.0% during the second quarter. Bank of New York Mellon Corp now owns 12,436,915 shares of the technology company’s stock valued at $366,764,000 after buying an additional 705,690 shares during the last quarter.
Teradata Corporation Company Profile
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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