Teradata (TDC) Given New $42.00 Price Target at BMO Capital Markets

Teradata (NYSE:TDC) had its price target hoisted by investment analysts at BMO Capital Markets from $40.00 to $42.00 in a research report issued to clients and investors on Friday. The firm currently has a “market perform” rating on the technology company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 12.60% from the company’s previous close.

A number of other research analysts have also commented on TDC. Royal Bank of Canada reiterated a “hold” rating and issued a $30.00 price target on shares of Teradata in a research note on Wednesday, October 18th. Deutsche Bank upped their price target on shares of Teradata from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Tuesday, October 24th. Mizuho reiterated an “underperform” rating and issued a $32.00 price target (up previously from $26.00) on shares of Teradata in a research note on Wednesday, November 1st. Morgan Stanley upped their price target on shares of Teradata from $29.00 to $31.00 and gave the company an “underweight” rating in a research note on Friday, November 3rd. Finally, UBS Group upped their price target on shares of Teradata from $24.00 to $30.00 and gave the company a “sell” rating in a research note on Thursday, November 9th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $34.22.

Teradata (NYSE TDC) opened at $37.30 on Friday. The firm has a market cap of $4,852.10, a PE ratio of 76.12, a PEG ratio of 13.37 and a beta of 1.24. Teradata has a 52 week low of $27.05 and a 52 week high of $42.74. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.56 and a current ratio of 1.61.

Teradata (NYSE:TDC) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.07. The company had revenue of $626.00 million for the quarter, compared to analyst estimates of $610.50 million. Teradata had a net margin of 3.01% and a return on equity of 16.47%. Teradata’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. research analysts predict that Teradata will post 0.91 earnings per share for the current fiscal year.

In other Teradata news, CFO Mark Culhane acquired 4,500 shares of the business’s stock in a transaction on Friday, December 1st. The stock was purchased at an average price of $37.66 per share, with a total value of $169,470.00. Following the acquisition, the chief financial officer now directly owns 29,924 shares of the company’s stock, valued at approximately $1,126,937.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.73% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. bought a new stake in Teradata in the 4th quarter valued at about $207,000. PNC Financial Services Group Inc. boosted its holdings in Teradata by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the technology company’s stock valued at $213,000 after purchasing an additional 31 shares during the period. Commerce Bank bought a new stake in Teradata in the 3rd quarter valued at about $223,000. Price Capital Management Inc. bought a new stake in Teradata in the 4th quarter valued at about $242,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Teradata by 43.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,439 shares of the technology company’s stock valued at $286,000 after purchasing an additional 2,256 shares during the period. 97.94% of the stock is owned by hedge funds and other institutional investors.

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About Teradata

Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.

Analyst Recommendations for Teradata (NYSE:TDC)

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