Wedbush Upgrades Vantiv (VNTV) to “Outperform”
Vantiv (NYSE:VNTV) was upgraded by stock analysts at Wedbush from a “neutral” rating to an “outperform” rating in a research note issued on Friday.
Several other equities research analysts have also recently weighed in on the company. Oppenheimer upped their price target on Vantiv from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, August 16th. Instinet reiterated a “buy” rating and set a $85.00 price target (up from $75.00) on shares of Vantiv in a research report on Monday, August 14th. Stifel Nicolaus upgraded Vantiv from a “hold” rating to a “buy” rating and upped their price target for the company from $63.00 to $85.00 in a research report on Thursday, August 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $73.00 price target on shares of Vantiv in a research report on Wednesday, August 9th. Finally, Craig Hallum set a $80.00 price target on Vantiv and gave the company a “buy” rating in a research report on Thursday, August 10th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $75.96.
Shares of Vantiv (NYSE VNTV) traded up $0.13 during trading on Friday, reaching $75.13. The company had a trading volume of 3,582,454 shares, compared to its average volume of 1,972,185. Vantiv has a fifty-two week low of $55.11 and a fifty-two week high of $76.22. The company has a market cap of $13,209.05, a PE ratio of 24.94, a P/E/G ratio of 1.65 and a beta of 0.56. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.45.
Institutional investors and hedge funds have recently modified their holdings of the business. Toronto Dominion Bank boosted its stake in Vantiv by 12.3% in the second quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock worth $125,000 after buying an additional 217 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Vantiv by 404.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock worth $137,000 after buying an additional 1,740 shares in the last quarter. Zions Bancorporation purchased a new stake in Vantiv in the third quarter worth approximately $155,000. Highbridge Capital Management LLC boosted its stake in Vantiv by 2,754.0% in the third quarter. Highbridge Capital Management LLC now owns 2,854 shares of the business services provider’s stock worth $201,000 after buying an additional 2,754 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its stake in Vantiv by 1.5% in the second quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock worth $204,000 after buying an additional 47 shares in the last quarter.
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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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