First Data Corporation (NYSE:FDC) had its price target upped by Barclays PLC from $17.00 to $19.00 in a report released on Tuesday morning. The firm currently has an overweight rating on the stock.

FDC has been the subject of a number of other reports. Jefferies Group LLC restated a buy rating on shares of First Data Corporation in a research note on Thursday, November 17th. Mizuho increased their price objective on shares of First Data Corporation from $17.00 to $18.00 and gave the stock a buy rating in a research note on Tuesday. Guggenheim began coverage on shares of First Data Corporation in a research note on Monday, December 19th. They set a buy rating and a $17.00 price objective for the company. Zacks Investment Research upgraded shares of First Data Corporation from a hold rating to a buy rating and set a $17.00 price objective for the company in a research note on Tuesday, November 29th. Finally, Stifel Nicolaus increased their price objective on shares of First Data Corporation from $16.00 to $17.00 and gave the stock a hold rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock currently 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 Tuesday. First Data Corporation has a 1-year low of $9.90 and a 1-year high of $16.63. The company has a market capitalization of $14.74 billion, a price-to-earnings ratio of 35.17 and a beta of 1.76. The stock has a 50 day moving average price of $15.44 and a 200 day moving average price of $14.26.

First Data Corporation (NYSE:FDC) last posted its quarterly earnings data on Monday, February 13th. The company reported $0.39 EPS for the quarter, topping the Zacks’ 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 earned $1.80 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business posted $0.32 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. Analysts forecast that First Data Corporation will post $1.52 earnings per share for the current year.

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A number of large investors have recently modified their holdings of FDC. Public Employees Retirement Association of Colorado increased its stake 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 valued at $133,000 after buying an additional 42 shares during the period. Envestnet Asset Management Inc. increased its stake 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 valued at $144,000 after buying an additional 1,575 shares during the period. Victory Capital Management Inc. increased its stake 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 valued at $151,000 after buying an additional 2,002 shares during the period. Janus Capital Management LLC bought a new stake in shares of First Data Corporation during the fourth quarter valued at about $152,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of First Data Corporation during the fourth quarter valued at about $160,000. Institutional investors and hedge funds own 36.54% of the company’s stock.

About First Data Corporation

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