Vetr cut shares of First Data Corporation (NYSE:FDC) from a strong-buy rating to a buy rating in a research note released on Monday. They currently have $17.50 price target on the stock.

Several other equities analysts also recently weighed in on FDC. Zacks Investment Research upgraded shares of First Data Corporation from a sell rating to a hold rating in a report on Wednesday, October 19th. BTIG Research reiterated a buy rating and issued a $15.00 price target on shares of First Data Corporation in a report on Monday, November 7th. Mizuho increased their price target on shares of First Data Corporation from $16.00 to $17.00 and gave the stock a buy rating in a report on Tuesday, November 8th. Barclays PLC reiterated a buy rating and issued a $17.00 price target on shares of First Data Corporation in a report on Tuesday, November 8th. Finally, Deutsche Bank AG reiterated a buy rating on shares of First Data Corporation in a report on Monday, November 14th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $16.23.

Analyst Recommendations for First Data Corporation (NYSE:FDC)

Shares of First Data Corporation (NYSE:FDC) opened at 16.18 on Monday. The company has a market cap of $14.74 billion, a PE ratio of 35.17 and a beta of 1.76. First Data Corporation has a 12 month low of $9.90 and a 12 month high of $16.63. The company has a 50-day moving average of $15.44 and a 200 day moving average of $14.26.

First Data Corporation (NYSE:FDC) last issued its quarterly earnings results on Monday, February 13th. The company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.03. First Data Corporation had a net margin of 3.63% and a return on equity of 25.67%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the company earned $0.32 EPS. First Data Corporation’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts anticipate that First Data Corporation will post $1.52 earnings per share for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado raised its position in shares of First Data Corporation by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 10,086 shares of the company’s stock worth $133,000 after buying an additional 42 shares during the period. Envestnet Asset Management Inc. raised its position in shares of First Data Corporation by 18.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,108 shares of the company’s stock worth $144,000 after buying an additional 1,575 shares during the period. Victory Capital Management Inc. raised its position in shares of First Data Corporation by 21.1% in the third quarter. Victory Capital Management Inc. now owns 11,506 shares of the company’s stock worth $151,000 after buying an additional 2,002 shares during the period. Janus Capital Management LLC acquired a new position in shares of First Data Corporation during the fourth quarter worth about $152,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in shares of First Data Corporation during the fourth quarter worth about $160,000. Hedge funds and other institutional investors own 36.54% of the company’s stock.

About First Data Corporation

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To view Vetr’s full report, visit Vetr’s official website.

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