Todays Report: Today, First Data Corp. (FDC) Price Target Raised to $17.00 at Mizuho

Today, First Data Corp. (FDC) Price Target Raised to $17.00 at Mizuho

First Data Corp. (NYSE:FDC) had its target price upped by investment analysts at Mizuho from $16.00 to $17.00 in a report released on Tuesday. The brokerage presently has a “buy” rating on the stock. Mizuho’s price objective suggests a potential upside of 9.47% from the stock’s current price.

Other research analysts have also issued reports about the company. BTIG Research raised First Data Corp. from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Monday, August 1st. Deutsche Bank AG reaffirmed a “buy” rating on shares of First Data Corp. in a research report on Monday, July 18th. Craig Hallum began coverage on First Data Corp. in a research report on Tuesday, August 30th. They issued a “buy” rating and a $20.00 target price on the stock. Jefferies Group began coverage on First Data Corp. in a report on Wednesday, August 31st. They issued a “buy” rating and a $16.50 price target for the company. Finally, Wedbush reiterated a “buy” rating on shares of First Data Corp. in a report on Tuesday, August 2nd. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $15.85.

First Data Corp. (NYSE:FDC) traded up 0.78% during mid-day trading on Tuesday, hitting $15.53. The stock had a trading volume of 1,339,319 shares. First Data Corp. has a 12-month low of $8.37 and a 12-month high of $17.45. The company has a 50-day moving average of $14.12 and a 200-day moving average of $12.91. The firm’s market cap is $14.15 billion.

First Data Corp. (NYSE:FDC) last issued its earnings results on Monday, November 7th. The company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The firm earned $2 billion during the quarter, compared to analysts’ expectations of $1.83 billion. The firm’s quarterly revenue was up .5% on a year-over-year basis. Analysts expect that First Data Corp. will post $1.30 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new position in First Data Corp. during the second quarter worth approximately $105,000. Public Employees Retirement Association of Colorado increased its position in First Data Corp. by 74.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,044 shares of the company’s stock worth $111,000 after buying an additional 4,271 shares during the period. Moors & Cabot Inc. purchased a new position in First Data Corp. during the second quarter worth approximately $115,000. Acrospire Investment Management LLC increased its position in First Data Corp. by 2,600.0% in the second quarter. Acrospire Investment Management LLC now owns 10,800 shares of the company’s stock worth $120,000 after buying an additional 10,400 shares during the period. Finally, D.A. Davidson & CO. increased its position in First Data Corp. by 4,132.2% in the third quarter. D.A. Davidson & CO. now owns 10,242 shares of the company’s stock worth $134,000 after buying an additional 10,000 shares during the period. Institutional investors and hedge funds own 34.09% of the company’s stock.

About First Data Corp.

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