Research analysts at Citigroup initiated coverage on shares of Teradata (NYSE:TDC) in a report issued on Thursday. The firm set a “neutral” rating and a $42.00 price target on the technology company’s stock. Citigroup’s price target indicates a potential upside of 6.19% from the stock’s current price.
Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus raised shares of Teradata from a “hold” rating to a “buy” rating and boosted their price target for the stock from $45.00 to $49.00 in a research note on Thursday, May 31st. Mizuho raised shares of Teradata from an “underperform” rating to a “buy” rating in a research note on Wednesday, May 30th. ValuEngine raised shares of Teradata from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. BMO Capital Markets cut their price target on shares of Teradata from $42.00 to $40.00 and set a “market perform” rating for the company in a research note on Friday, May 4th. Finally, Sanford C. Bernstein raised shares of Teradata from an “underperform” rating to a “market perform” rating in a research note on Monday, March 5th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Teradata presently has a consensus rating of “Hold” and an average target price of $37.08.
Teradata opened at $39.55 on Thursday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.68 and a quick ratio of 1.63. Teradata has a one year low of $28.33 and a one year high of $44.27. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 48.83, a P/E/G ratio of 13.89 and a beta of 1.17.
Teradata (NYSE:TDC) last released its quarterly earnings results on Thursday, May 3rd. The technology company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. Teradata had a negative net margin of 3.32% and a positive return on equity of 14.76%. The business had revenue of $506.00 million during the quarter, compared to analysts’ expectations of $495.95 million. During the same quarter in the previous year, the company earned $0.28 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. equities research analysts forecast that Teradata will post 0.97 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of TDC. TIAA CREF Investment Management LLC raised its holdings in Teradata by 41.7% during the 4th quarter. TIAA CREF Investment Management LLC now owns 2,752,371 shares of the technology company’s stock valued at $105,856,000 after buying an additional 809,993 shares during the last quarter. BlackRock Inc. raised its holdings in Teradata by 6.3% during the 1st quarter. BlackRock Inc. now owns 11,613,641 shares of the technology company’s stock valued at $460,713,000 after buying an additional 687,719 shares during the last quarter. Teachers Advisors LLC raised its holdings in Teradata by 28.1% during the 4th quarter. Teachers Advisors LLC now owns 2,399,320 shares of the technology company’s stock valued at $92,278,000 after buying an additional 526,066 shares during the last quarter. Mackay Shields LLC bought a new stake in Teradata during the 1st quarter valued at $20,801,000. Finally, Fiera Capital Corp raised its holdings in Teradata by 46.9% during the 1st quarter. Fiera Capital Corp now owns 1,000,323 shares of the technology company’s stock valued at $39,683,000 after buying an additional 319,238 shares during the last quarter. Institutional investors own 97.50% of the company’s stock.
Teradata Corporation provides analytic data solutions and related services worldwide. The company operates through Americas Data and Analytics, and International Data and Analytics segments. Its analytic data solutions comprise software, hardware, and related business consulting and support services.
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