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.
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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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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