First Data Corporation's (FDC) "Buy" Rating Reaffirmed at BTIG Research

Yolanda Curtis
February 17, 2017

First Data Corporation (NYSE:FDC) tinted loss of -0.31% (-0.05 points) to US$16.2. They now have a $18.00 target price on the stock.

Several other research firms have also commented on FDC. KeyCorp initiated coverage on shares of First Data Corporation in a research report on Friday, December 16th. They set an overweight rating and a $17.00 price objective for the company. First Data Corporation has 1 year price target of $17.95. MGM Resorts International has 8 buy ratings, 0 holds and 0 sells even after the stock tumbled -3.33% from its high of $30.62 to a $17.03 billion market value through 2/15/2017. Finally, Mizuho lifted their price target on shares of First Data Corporation from $16.00 to $17.00 and gave the company a "buy" rating in a research report on Tuesday, November 8th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock.

The 10 analysts offering 12-month price forecasts for Cameco Corp have a median target of 11.98, with a high estimate of 18.00 and a low estimate of 9.94.

First Data Corporation (NYSE:FDC) opened at 16.20 on Wednesday. The stock hit its 52-Week High on Feb 13, 2017 and 52-Week Low on Jun 27, 2016.

ComScore, Inc. (NASDAQ:SCOR) announced that its Board of Directors has adopted and entered into a Tax Asset Protection Rights Agreement, dated February 8, 2017 (the "Plan"), between the Company and American Stock Transfer & Trust Company, LLC, as Rights Agent, created to preserve the Company's ability to utilize without limitation its net operating loss ("NOL") carryforwards and other significant tax attributes to offset future taxable income. The stock is now moving above its 20-Day Simple Moving Average of 7.4% with the 50-Day Simple Moving Average of 7.4 percent. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.03. First Data Corporation had a return on equity of 25.67% and a net margin of 3.63%.

Many Analysts provided their foresight on Revenue Estimates of First Data Corporation where they believe that the company has the potential to earn average revenue of $1.72 Billion for the current quarter. The 1 year EPS growth rate is 83.00%. For the past 5 years, the company's revenue has grown 4.4%, while the company's earnings per share has grown 21.1%. The companys revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.

This piece of content was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another domain, it was illegally stolen and republished in violation of United States & worldwide copyright & trademark legislation. First Data Corporation presently has an average rating of "Buy" and an average price target of $15.75.

A number of hedge funds have recently added to or reduced their stakes in the stock. Palestra Capital Management LLC acquired a new position in First Data Corporation during the second quarter worth about $44,652,000. Wells Fargo & Company MN increased its position in First Data Corporation by 33.6% in the third quarter. Edgemoor Investment Advisors Inc. boosted its stake in shares of First Data Corporation by 16.1% in the third quarter.

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