First Data Corporation (NYSE:FDC) had its price objective increased by investment analysts at Credit Suisse Group from $19.00 to $20.00 in a report released on Thursday, July 13th. The brokerage presently has an “outperform” rating on the business services provider’s stock. Credit Suisse Group’s target price suggests a potential upside of 14.48% from the stock’s previous close.
FDC has been the subject of several other reports. Wedbush reaffirmed a “neutral” rating and issued a $20.00 target price (up from $15.00) on shares of First Data Corporation in a research report on Tuesday, June 6th. Stifel Nicolaus initiated coverage on shares of First Data Corporation in a research report on Thursday, June 1st. They issued a “buy” rating and a $20.00 target price for the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $19.00 target price on shares of First Data Corporation in a research report on Tuesday, April 4th. Atlantic Securities reaffirmed a “neutral” rating and issued a $17.00 target price on shares of First Data Corporation in a research report on Wednesday, April 12th. Finally, Instinet lifted their price target on shares of First Data Corporation from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, May 9th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $18.70.
First Data Corporation (FDC) traded down 0.29% during midday trading on Thursday, reaching $17.47. 4,888,497 shares of the company’s stock traded hands. First Data Corporation has a 52-week low of $12.74 and a 52-week high of $19.20. The company’s 50-day moving average price is $18.44 and its 200-day moving average price is $16.74. The stock has a market cap of $16.12 billion, a P/E ratio of 29.21 and a beta of 1.77.
First Data Corporation (NYSE:FDC) last announced its quarterly earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.06. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.98 billion. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 EPS. On average, equities analysts predict that First Data Corporation will post $1.53 EPS for the current fiscal year.
WARNING: “First Data Corporation (FDC) PT Raised to $20.00 at Credit Suisse Group” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.com-unik.info/2017/08/11/first-data-corporation-fdc-pt-raised-to-20-00-at-credit-suisse-group-updated-updated-updated.html.
Large investors have recently bought and sold shares of the company. Comerica Bank acquired a new stake in First Data Corporation during the fourth quarter valued at $194,000. Creative Planning boosted its stake in shares of First Data Corporation by 56.2% in the first quarter. Creative Planning now owns 23,200 shares of the business services provider’s stock worth $360,000 after buying an additional 8,350 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in First Data Corporation by 0.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 313,570 shares of the business services provider’s stock worth $4,860,000 after buying an additional 1,500 shares during the last quarter. DnB Asset Management AS bought a new position in First Data Corporation during the first quarter worth about $312,000. Finally, Candriam Luxembourg S.C.A. bought a new position in First Data Corporation during the first quarter worth about $3,315,000. Hedge funds and other institutional investors own 36.55% of the company’s stock.
About First Data Corporation
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.
What are top analysts saying about First Data Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for First Data Corporation and related companies.