Vantiv (NYSE:VNTV) was upgraded by equities research analysts at Jefferies Group from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, Marketbeat reports. The brokerage presently has a $69.00 price target on the business services provider’s stock. Jefferies Group’s price target indicates a potential downside of 7.85% from the company’s previous close.
A number of other equities research analysts have also commented on VNTV. Oppenheimer increased their price target on Vantiv from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 16th. BidaskClub upgraded Vantiv from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Piper Jaffray Companies restated a “hold” rating and set a $77.00 price target on shares of Vantiv in a research report on Thursday, August 24th. KeyCorp restated a “buy” rating and set a $80.00 price target on shares of Vantiv in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded Vantiv from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Vantiv has an average rating of “Buy” and a consensus target price of $78.00.
Vantiv (NYSE:VNTV) traded up $1.29 during mid-day trading on Thursday, hitting $74.88. The stock had a trading volume of 2,449,892 shares, compared to its average volume of 1,995,715. Vantiv has a 52 week low of $57.14 and a 52 week high of $76.22. The company has a market cap of $13,310.00, a price-to-earnings ratio of 25.10, a P/E/G ratio of 1.66 and a beta of 0.58. The company has a debt-to-equity ratio of 7.45, a quick ratio of 0.72 and a current ratio of 0.72.
Vantiv (NYSE:VNTV) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $551.77 million. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The company’s revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. research analysts expect that Vantiv will post 3.16 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in VNTV. Toronto Dominion Bank increased its holdings in Vantiv by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock worth $125,000 after purchasing an additional 217 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Vantiv by 404.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock worth $137,000 after purchasing an additional 1,740 shares in the last quarter. Zions Bancorporation bought a new position in Vantiv during the 3rd quarter worth about $155,000. Highbridge Capital Management LLC increased its holdings in Vantiv by 2,754.0% during the 3rd quarter. Highbridge Capital Management LLC now owns 2,854 shares of the business services provider’s stock worth $201,000 after purchasing an additional 2,754 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its holdings in Vantiv by 1.5% during the 2nd quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock worth $204,000 after purchasing 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.