Vantiv (NYSE:VNTV) Stock Rating Upgraded by Royal Bank of Canada

Royal Bank of Canada upgraded shares of Vantiv (NYSE:VNTV) from an outperform rating to a top pick rating in a report published on Thursday, January 4th.

VNTV has been the topic of a number of other research reports. Buckingham Research raised Vantiv from a neutral rating to a buy rating and set a $90.00 price objective on the stock in a research note on Friday, December 8th. KeyCorp reissued a buy rating and issued a $85.00 price objective (up previously from $80.00) on shares of Vantiv in a research note on Monday, December 4th. Cantor Fitzgerald reissued a buy rating and issued a $74.00 price objective on shares of Vantiv in a research note on Thursday, October 26th. Robert W. Baird reissued a buy rating and issued a $82.00 price objective on shares of Vantiv in a research note on Monday, November 13th. Finally, Citigroup reissued a buy rating and issued a $83.00 price objective on shares of Vantiv in a research note on Monday, September 25th. Eight research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $80.04.

Shares of Vantiv (NYSE VNTV) opened at $77.60 on Thursday. The company has a debt-to-equity ratio of 7.45, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $13,800.00, a price-to-earnings ratio of 53.89, a P/E/G ratio of 1.51 and a beta of 0.58. Vantiv has a one year low of $59.10 and a one year high of $78.25.

Vantiv (NYSE:VNTV) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.01. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $551.77 million. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. Vantiv’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 EPS. equities analysts forecast that Vantiv will post 3.16 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Associated Banc Corp increased its holdings in Vantiv by 1.2% in the second quarter. Associated Banc Corp now owns 17,908 shares of the business services provider’s stock valued at $1,134,000 after purchasing an additional 215 shares during the last quarter. Toronto Dominion Bank increased its holdings in Vantiv by 12.3% in the second quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 217 shares during the last quarter. Colony Group LLC increased its holdings in Vantiv by 0.6% in the second quarter. Colony Group LLC now owns 41,164 shares of the business services provider’s stock valued at $2,607,000 after purchasing an additional 239 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Vantiv by 8.2% in the second quarter. Pacer Advisors Inc. now owns 3,457 shares of the business services provider’s stock valued at $219,000 after purchasing an additional 261 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Vantiv by 1.5% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 49,051 shares of the business services provider’s stock valued at $3,457,000 after purchasing an additional 741 shares during the last quarter.

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Vantiv Company Profile

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.

Analyst Recommendations for Vantiv (NYSE:VNTV)

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