Today, First Data Corp.’s (FDC) Buy Rating Reaffirm at BTIG Research

Today, First Data Corp.’s (FDC) Buy Rating Reaffirm at BTIG Research

First Data Corp. (NYSE:FDC)‘s stock had its “buy” rating reaffirmed by equities research analysts at BTIG Research in a report issued on Monday. They currently have a $15.00 price objective on the stock. BTIG Research’s price target points to a potential downside of 3.41% from the stock’s current price.

A number of other research analysts have also recently commented on FDC. Craig Hallum started coverage on shares of First Data Corp. in a research report on Tuesday, August 30th. They set a “buy” rating and a $20.00 price target on the stock. Zacks Investment Research cut shares of First Data Corp. from a “hold” rating to a “sell” rating in a research report on Monday, September 12th. Wedbush started coverage on shares of First Data Corp. in a research report on Thursday, September 8th. They set a “neutral” rating and a $15.00 price target on the stock. Mizuho reiterated a “buy” rating and set a $16.00 price target on shares of First Data Corp. in a research report on Thursday, October 13th. Finally, Jefferies Group started coverage on shares of First Data Corp. in a research report on Wednesday, August 31st. They set a “buy” rating and a $16.50 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. First Data Corp. currently has a consensus rating of “Buy” and a consensus price target of $15.85.

First Data Corp. (NYSE:FDC) traded up 0.78% on Monday, hitting $15.53. 1,339,319 shares of the company were exchanged. First Data Corp. has a 52 week low of $8.37 and a 52 week high of $17.45. The stock has a 50 day moving average of $14.12 and a 200 day moving average of $12.91. The company’s market capitalization is $14.15 billion.

First Data Corp. (NYSE:FDC) last announced its earnings results on Monday, November 7th. The company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. The company earned $2 billion during the quarter, compared to analysts’ expectations of $1.83 billion. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Analysts predict that First Data Corp. will post $1.30 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in shares of First Data Corp. during the second quarter worth approximately $105,000. Public Employees Retirement Association of Colorado raised 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 worth $111,000 after buying an additional 4,271 shares during the last quarter. Moors & Cabot Inc. acquired a new stake in shares of First Data Corp. during the second quarter worth approximately $115,000. Acrospire Investment Management LLC raised 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 worth $120,000 after buying an additional 10,400 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of 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 last quarter. 34.09% of the stock is owned by institutional investors.

First Data Corp. Company Profile

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