Trade Report: Today, Mizuho Reaffirms Buy Rating for First Data Corp. (FDC)

Today, Mizuho Reaffirms Buy Rating for First Data Corp. (FDC)

Mizuho reiterated their buy rating on shares of First Data Corp. (NYSE:FDC) in a research note issued to investors on Thursday morning. The brokerage currently has a $16.00 target price on the stock.

Other equities analysts have also issued research reports about the stock. Wedbush restated a buy rating on shares of First Data Corp. in a research report on Tuesday, August 2nd. Piper Jaffray Cos. restated an overweight rating and set a $19.00 target price (up previously from $15.00) on shares of First Data Corp. in a research report on Tuesday, August 2nd. Nomura restated a hold rating and set a $14.00 target price on shares of First Data Corp. in a research report on Wednesday, August 3rd. BTIG Research restated a hold rating on shares of First Data Corp. in a research report on Monday, July 18th. Finally, Zacks Investment Research upgraded shares of First Data Corp. from a sell rating to a hold rating in a research report on Wednesday, August 24th. Ten analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $16.73.

First Data Corp. (NYSE:FDC) opened at 13.28 on Thursday. The company’s market capitalization is $12.08 billion. The stock’s 50 day moving average is $13.52 and its 200-day moving average is $12.51. First Data Corp. has a 52-week low of $8.37 and a 52-week high of $17.99.

First Data Corp. (NYSE:FDC) last issued its earnings results on Monday, August 1st. The company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.81 billion. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Analysts predict that First Data Corp. will post $1.32 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in shares of First Data Corp. by 10.5% in the first quarter. Royal Bank of Canada now owns 8,833 shares of the company’s stock valued at $114,000 after buying an additional 836 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of First Data Corp. during the second quarter valued at $105,000. Public Employees Retirement Association of Colorado increased its stake in shares of 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 valued at $111,000 after buying an additional 4,271 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in shares of First Data Corp. during the second quarter valued at $115,000. Finally, Acrospire Investment Management LLC increased its stake in shares of 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 valued at $120,000 after buying an additional 10,400 shares in the last quarter. 33.69% of the stock is currently owned by institutional investors and hedge funds.

First Data Corp. Company Profile

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