Vantiv (VNTV) Raised to “Outperform” at Wedbush

Wedbush upgraded shares of Vantiv (NYSE:VNTV) from a neutral rating to an outperform rating in a research report report published on Friday, MarketBeat reports. Wedbush also issued estimates for Vantiv’s Q1 2018 earnings at $0.84 EPS, Q2 2018 earnings at $1.02 EPS and Q4 2018 earnings at $1.08 EPS.

A number of other research analysts also recently weighed in on the stock. Bank of America assumed coverage on shares of Vantiv in a research report on Tuesday, September 12th. They issued a neutral rating for the company. Piper Jaffray Companies reiterated a hold rating and issued a $77.00 price objective on shares of Vantiv in a research report on Thursday, August 24th. Citigroup reiterated a buy rating and issued a $83.00 price objective on shares of Vantiv in a research report on Monday, September 25th. Oppenheimer upped their price objective on shares of Vantiv from $70.00 to $77.00 and gave the stock an outperform rating in a research report on Wednesday, August 16th. Finally, BidaskClub upgraded shares of Vantiv from a buy rating to a strong-buy rating in a research report on Friday, August 18th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Vantiv presently has a consensus rating of Buy and an average target price of $75.96.

Vantiv (NYSE VNTV) opened at $75.13 on Friday. The stock has a market cap of $13,354.96, a price-to-earnings ratio of 25.21, a P/E/G ratio of 1.67 and a beta of 0.58. Vantiv has a 1 year low of $55.11 and a 1 year high of $76.22. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 7.45.

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

Several hedge funds have recently added to or reduced their stakes in VNTV. Capstone Asset Management Co. increased its stake in shares of Vantiv by 3.1% during the second quarter. Capstone Asset Management Co. now owns 4,629 shares of the business services provider’s stock worth $293,000 after purchasing an additional 140 shares in the last quarter. Aperio Group LLC increased its stake in shares of Vantiv by 3.0% during the second quarter. Aperio Group LLC now owns 17,583 shares of the business services provider’s stock worth $1,114,000 after purchasing an additional 513 shares in the last quarter. US Bancorp DE increased its stake in shares of Vantiv by 10.4% during the second quarter. US Bancorp DE now owns 16,506 shares of the business services provider’s stock worth $1,045,000 after purchasing an additional 1,557 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Vantiv by 19.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 103,544 shares of the business services provider’s stock valued at $6,550,000 after acquiring an additional 16,832 shares in the last quarter. Finally, Rothschild Asset Management Inc. grew its stake in Vantiv by 13.2% during the 2nd quarter. Rothschild Asset Management Inc. now owns 9,154 shares of the business services provider’s stock valued at $580,000 after acquiring an additional 1,064 shares in the last quarter.

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About Vantiv

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.

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