Royal Bank of Canada Upgrades Vantiv (VNTV) to “Top Pick”

Vantiv (NYSE:VNTV) was upgraded by equities research analysts at Royal Bank of Canada from an “outperform” rating to a “top pick” rating in a research note issued to investors on Thursday, The Fly reports.

Several other equities analysts have also issued reports on the company. Cantor Fitzgerald reiterated a “buy” rating and issued a $74.00 price target on shares of Vantiv in a research note on Thursday, October 26th. BidaskClub upgraded Vantiv from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 26th. Bank of America initiated coverage on Vantiv in a research report on Tuesday, September 12th. They set a “neutral” rating on the stock. Zacks Investment Research lowered Vantiv from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, Berenberg Bank initiated coverage on Vantiv in a research report on Thursday, November 16th. They set a “buy” rating and a $85.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $78.52.

Vantiv (NYSE:VNTV) opened at $74.32 on Thursday. Vantiv has a 52 week low of $59.10 and a 52 week high of $76.22. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.45. The stock has a market capitalization of $13,210.00, a price-to-earnings ratio of 51.61, a PEG ratio of 1.46 and a beta of 0.58.

Vantiv (NYSE:VNTV) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.01. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $551.77 million. During the same quarter last year, the company posted $0.71 EPS. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. sell-side analysts expect that Vantiv will post 3.16 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of VNTV. South Texas Money Management Ltd. grew its holdings in shares of Vantiv by 0.4% in the third quarter. South Texas Money Management Ltd. now owns 513,488 shares of the business services provider’s stock valued at $28,894,000 after acquiring an additional 2,147 shares in the last quarter. Trexquant Investment LP purchased a new position in Vantiv in the fourth quarter valued at approximately $3,342,000. Capital Fund Management S.A. lifted its stake in Vantiv by 1,878.0% in the second quarter. Capital Fund Management S.A. now owns 187,314 shares of the business services provider’s stock valued at $10,602,000 after purchasing an additional 177,844 shares during the last quarter. HighTower Advisors LLC purchased a new position in Vantiv in the first quarter valued at approximately $230,000. Finally, Janus Capital Management lifted its stake in Vantiv by 60.9% in the third quarter. Janus Capital Management now owns 836,300 shares of the business services provider’s stock valued at $37,567,000 after purchasing an additional 316,600 shares during the last quarter.

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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.

The Fly

Analyst Recommendations for Vantiv (NYSE:VNTV)



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