Vantiv (VNTV) Earns “Buy” Rating from Cowen
Vantiv (NYSE:VNTV)‘s stock had its “buy” rating reissued by research analysts at Cowen in a research note issued to investors on Thursday. They currently have a $84.00 price objective on the business services provider’s stock. Cowen’s target price suggests a potential upside of 15.29% from the company’s current price.
A number of other equities research analysts have also issued reports on VNTV. Keefe, Bruyette & Woods set a $82.00 price target on shares of Vantiv and gave the stock a “buy” rating in a report on Sunday, August 13th. Citigroup lifted their target price on shares of Vantiv from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Robert W. Baird reaffirmed an “outperform” rating and set a $80.00 target price (up previously from $72.00) on shares of Vantiv in a research note on Thursday, August 10th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $64.00 target price on shares of Vantiv in a research note on Thursday, August 10th. Finally, BidaskClub raised shares of Vantiv from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $77.12.
Shares of Vantiv (NYSE:VNTV) traded up $0.94 during trading on Thursday, reaching $72.86. 1,957,096 shares of the company’s stock were exchanged, compared to its average volume of 1,987,533. The company has a market cap of $12,821.68, a price-to-earnings ratio of 24.20, a PEG ratio of 1.60 and a beta of 0.58. Vantiv has a 1-year low of $56.64 and a 1-year high of $76.22. The company has a debt-to-equity ratio of 7.45, a quick ratio of 0.72 and a current ratio of 0.72.
Institutional investors have recently modified their holdings of the business. Toronto Dominion Bank raised its holdings 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 during the last quarter. Tower Research Capital LLC TRC raised its holdings 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 during the last quarter. Zions Bancorporation purchased a new position in Vantiv in the third quarter worth about $155,000. Highbridge Capital Management LLC raised its holdings 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 during the last quarter. Finally, Dai Ichi Life Insurance Company Ltd purchased a new position in Vantiv in the third quarter worth about $204,000.
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Vantiv Company Profile
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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