Mizuho Reaffirms Buy Rating for First Data (FDC)

First Data (NYSE:FDC)‘s stock had its “buy” rating reiterated by investment analysts at Mizuho in a report released on Monday. They presently have a $19.00 price objective on the business services provider’s stock. Mizuho’s price target would suggest a potential upside of 25.50% from the company’s previous close.

Several other research firms have also recently commented on FDC. Cantor Fitzgerald restated a “hold” rating and issued a $17.00 target price on shares of First Data in a research note on Monday, February 12th. BMO Capital Markets raised their target price on shares of First Data from $21.50 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. Zacks Investment Research cut shares of First Data from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. Bank of America upgraded shares of First Data from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. Finally, ValuEngine cut shares of First Data from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.35.

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FDC stock opened at $15.14 on Monday. First Data has a one year low of $14.89 and a one year high of $19.23. The firm has a market capitalization of $14,004.42, a PE ratio of 11.83, a PEG ratio of 0.97 and a beta of 1.44. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.98.

First Data (NYSE:FDC) last released its earnings results on Monday, February 12th. The business services provider reported $0.44 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. First Data had a net margin of 12.16% and a return on equity of 24.96%. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter last year, the business earned $0.39 EPS. The business’s revenue was up 7.0% on a year-over-year basis. research analysts expect that First Data will post 1.2 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in First Data by 8.6% during the 4th quarter. BlackRock Inc. now owns 22,617,758 shares of the business services provider’s stock valued at $377,942,000 after acquiring an additional 1,784,859 shares in the last quarter. Iridian Asset Management LLC CT increased its holdings in First Data by 31.8% during the 4th quarter. Iridian Asset Management LLC CT now owns 8,905,329 shares of the business services provider’s stock valued at $148,808,000 after acquiring an additional 2,147,260 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in First Data by 1.4% during the 4th quarter. Teacher Retirement System of Texas now owns 8,029,775 shares of the business services provider’s stock valued at $134,178,000 after acquiring an additional 114,640 shares in the last quarter. TCW Group Inc. increased its holdings in First Data by 2.7% during the 4th quarter. TCW Group Inc. now owns 4,627,510 shares of the business services provider’s stock valued at $77,326,000 after acquiring an additional 120,063 shares in the last quarter. Finally, Brandywine Global Investment Management LLC increased its holdings in First Data by 33.1% during the 4th quarter. Brandywine Global Investment Management LLC now owns 4,479,141 shares of the business services provider’s stock valued at $74,847,000 after acquiring an additional 1,114,824 shares in the last quarter. Hedge funds and other institutional investors own 49.27% of the company’s stock.

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First Data Company Profile

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.

Analyst Recommendations for First Data (NYSE:FDC)

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