Teradata (NYSE:TDC) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.13-0.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.58.
A number of research firms have recently weighed in on TDC. ValuEngine downgraded Teradata from a buy rating to a hold rating in a report on Tuesday, September 17th. Royal Bank of Canada dropped their target price on Teradata to $40.00 and set a market perform rating for the company in a report on Friday, August 2nd. Deutsche Bank dropped their target price on Teradata from $42.00 to $32.00 and set a hold rating for the company in a report on Tuesday, October 22nd. Barclays set a $27.00 target price on Teradata and gave the stock a sell rating in a report on Friday, November 1st. Finally, Morgan Stanley lifted their target price on Teradata from $57.00 to $58.00 and gave the stock an overweight rating in a report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Teradata has a consensus rating of Hold and an average price target of $40.25.
TDC stock traded up $0.87 during midday trading on Thursday, reaching $31.12. The company had a trading volume of 1,755,258 shares, compared to its average volume of 1,126,903. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 1.67 and a beta of 1.19. The stock has a 50 day moving average price of $30.06 and a 200-day moving average price of $34.31. Teradata has a 1-year low of $27.95 and a 1-year high of $49.42. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.31 and a quick ratio of 1.26.
Teradata declared that its board has approved a share buyback plan on Thursday, August 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 11.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.
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