BMO Capital Markets Boosts First Data (FDC) Price Target to $22.00

First Data (NYSE:FDC) had its price target lifted by research analysts at BMO Capital Markets from $21.50 to $22.00 in a report issued on Tuesday. The firm currently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 39.95% from the stock’s previous close.

FDC has been the subject of several other research reports. KeyCorp reissued a “buy” rating and issued a $20.00 price objective on shares of First Data in a report on Friday, October 27th. Zacks Investment Research raised First Data from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Cantor Fitzgerald reissued a “hold” rating and issued a $17.00 price objective on shares of First Data in a report on Monday, October 30th. Barclays reissued a “buy” rating and issued a $24.00 price objective on shares of First Data in a report on Tuesday, December 5th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $26.00 price objective on shares of First Data in a report on Thursday, January 18th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $20.13.

Shares of First Data (FDC) traded down $0.60 on Tuesday, reaching $15.72. The company’s stock had a trading volume of 5,193,882 shares, compared to its average volume of 7,459,226. First Data has a 12 month low of $14.67 and a 12 month high of $19.23. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.58. The firm has a market cap of $14,780.00 and a PE ratio of 10.16.

First Data (NYSE:FDC) last issued its quarterly earnings results on Monday, February 12th. The business services provider reported $0.44 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.44. First Data had a return on equity of 26.60% and a net margin of 5.99%. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. equities research analysts predict that First Data will post 1.28 EPS for the current fiscal year.

In related news, insider Andrew Gelb sold 7,473 shares of First Data stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $17.12, for a total value of $127,937.76. Following the completion of the transaction, the insider now owns 417,652 shares in the company, valued at approximately $7,150,202.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders purchased 300 shares of company stock valued at $5,124. 6.30% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Advisor Group Inc. increased its stake in First Data by 113.3% during the 2nd quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock worth $102,000 after buying an additional 2,964 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in First Data during the 3rd quarter worth approximately $117,000. Ladenburg Thalmann Financial Services Inc. increased its stake in First Data by 254.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock worth $130,000 after buying an additional 5,173 shares in the last quarter. First Manhattan Co. increased its stake in First Data by 200.0% during the 3rd quarter. First Manhattan Co. now owns 7,500 shares of the business services provider’s stock worth $135,000 after buying an additional 5,000 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new stake in First Data during the 4th quarter worth approximately $131,000. Institutional investors own 49.19% of the company’s stock.

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First Data Company Profile

First Data Corporation is a provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers. The Company’s segments are Global Business Solutions (GBS), Global Financial Solutions (GFS), Network & Security Solutions (NSS), and Corporate. The GBS segment provides businesses of all sizes and types with a range of solutions at the point of sale, including merchant acquiring, e-commerce, mobile commerce, point-of-sale, and other business solutions.

Analyst Recommendations for First Data (NYSE:FDC)

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