Vantiv (VNTV) Price Target Raised to $77.00 at SunTrust Banks
Vantiv (NYSE:VNTV) had its price target increased by research analysts at SunTrust Banks from $69.00 to $77.00 in a research report issued on Thursday, The Fly reports. The firm currently has a “hold” rating on the business services provider’s stock. SunTrust Banks’ price target would suggest a potential upside of 3.61% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. Stifel Nicolaus reissued a “buy” rating and set a $93.00 target price on shares of Vantiv in a research report on Friday, December 15th. KeyCorp reissued a “buy” rating and set a $85.00 target price (up from $80.00) on shares of Vantiv in a research report on Monday, December 4th. Deutsche Bank upped their price target on shares of Vantiv to $82.00 and gave the company a “buy” rating in a report on Monday, December 4th. Wedbush raised shares of Vantiv from a “neutral” rating to an “outperform” rating in a report on Friday, December 1st. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $79.00 price target on shares of Vantiv in a report on Tuesday, December 12th. Nine research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $78.74.
Shares of Vantiv (VNTV) opened at $74.32 on Thursday. 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 has a 52 week low of $59.10 and a 52 week high of $76.22. The stock has a market cap of $13,088.32, a P/E ratio of 51.26, a price-to-earnings-growth ratio of 1.46 and a beta of 0.58.
Vantiv (NYSE:VNTV) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. Vantiv had a net margin of 6.07% and a return on equity of 41.19%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $551.77 million. During the same period in the previous year, the firm earned $0.71 earnings per share. Vantiv’s revenue for the quarter was up 13.1% on a year-over-year basis. sell-side analysts predict that Vantiv will post 3.16 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in VNTV. Beacon Capital Management bought a new position in shares of Vantiv during the 4th quarter valued at about $0. Ladenburg Thalmann Financial Services Inc. lifted its stake in Vantiv by 3.9% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,791 shares of the business services provider’s stock valued at $110,000 after buying an additional 68 shares in the last quarter. Global X Management Co. LLC lifted its stake in Vantiv by 153.5% during the second quarter. Global X Management Co. LLC now owns 1,972 shares of the business services provider’s stock valued at $112,000 after buying an additional 1,194 shares in the last quarter. Toronto Dominion Bank lifted its stake in Vantiv by 30.1% during the first quarter. Toronto Dominion Bank now owns 1,764 shares of the business services provider’s stock valued at $113,000 after buying an additional 408 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in Vantiv by 123.0% during the first quarter. IFP Advisors Inc now owns 1,922 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,060 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.