BidaskClub Lowers Vantiv, Inc. (VNTV) to Sell
BidaskClub lowered shares of Vantiv, Inc. (NYSE:VNTV) from a hold rating to a sell rating in a report published on Thursday.
Other research analysts also recently issued reports about the stock. Stifel Nicolaus upgraded shares of Vantiv from a hold rating to a buy rating and increased their price target for the stock from $63.00 to $85.00 in a research report on Thursday, August 10th. Instinet reiterated a buy rating and issued a $85.00 price target (up from $75.00) on shares of Vantiv in a research report on Monday, August 14th. Oppenheimer Holdings, Inc. increased their price target on shares of Vantiv from $70.00 to $77.00 and gave the stock an outperform rating in a research report on Wednesday, August 16th. Zacks Investment Research downgraded shares of Vantiv from a buy rating to a hold rating in a research report on Saturday, June 10th. Finally, William Blair reiterated an outperform rating on shares of Vantiv in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the stock. Vantiv currently has an average rating of Buy and an average price target of $75.48.
Vantiv (NYSE:VNTV) opened at 70.47 on Thursday. The company has a 50-day moving average of $70.18 and a 200 day moving average of $64.92. The company has a market cap of $11.36 billion, a PE ratio of 59.57 and a beta of 0.59. Vantiv has a 12 month low of $54.38 and a 12 month high of $73.14.
Vantiv (NYSE:VNTV) last released its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The business had revenue of $530.00 million for the quarter, compared to the consensus estimate of $525.12 million. During the same period last year, the firm earned $0.70 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, equities analysts forecast that Vantiv will post $3.35 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This story was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.watchlistnews.com/bidaskclub-lowers-vantiv-inc-vntv-to-sell/1600362.html.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank grew its stake in Vantiv by 12.3% during the second quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 217 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Vantiv by 404.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock valued at $137,000 after acquiring an additional 1,740 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Vantiv during the first quarter valued at $203,000. Beacon Investment Advisory Services Inc. purchased a new position in Vantiv during the second quarter valued at $204,000. Finally, Great Lakes Advisors LLC grew its stake in Vantiv by 1.5% during the second quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 47 shares in the last quarter. 80.16% of the stock is owned by institutional investors.
Vantiv, Inc is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.
Receive News & Ratings for Vantiv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vantiv Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.