BMO Capital Markets Increases Teradata Corporation (TDC) Price Target to $40.00
Teradata Corporation (NYSE:TDC) had its price target raised by analysts at BMO Capital Markets from $32.00 to $40.00 in a research note issued on Friday. The brokerage currently has a “market perform” rating on the technology company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 10.83% from the company’s current price.
Several other equities analysts have also recently commented on the stock. Sanford C. Bernstein reissued an “underperform” rating and set a $27.00 target price on shares of Teradata Corporation in a research note on Monday, September 11th. Needham & Company LLC started coverage on shares of Teradata Corporation in a research note on Monday, September 11th. They set a “hold” rating on the stock. BidaskClub cut shares of Teradata Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Teradata Corporation in a research note on Wednesday, October 18th. Finally, Mizuho reaffirmed an “underperform” rating and issued a $32.00 price objective (up previously from $26.00) on shares of Teradata Corporation in a research note on Wednesday. Five analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.70.
Teradata Corporation (TDC) traded down $0.97 during trading on Friday, reaching $36.09. 2,264,834 shares of the company’s stock traded hands, compared to its average volume of 1,381,599. The firm has a market cap of $4,723.75, a PE ratio of 32.22, a price-to-earnings-growth ratio of 7.54 and a beta of 1.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.90 and a current ratio of 1.61. Teradata Corporation has a 52-week low of $26.27 and a 52-week high of $38.08.
Teradata Corporation (NYSE:TDC) last released its earnings results on Thursday, November 2nd. The technology company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.17. The firm had revenue of $526.00 million for the quarter, compared to analysts’ expectations of $511.23 million. Teradata Corporation had a net margin of 3.01% and a return on equity of 16.47%. Teradata Corporation’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS. equities research analysts anticipate that Teradata Corporation will post 0.9 earnings per share for the current year.
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Hedge funds have recently bought and sold shares of the stock. ETF Managers Group LLC acquired a new stake in shares of Teradata Corporation during the second quarter worth approximately $130,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Teradata Corporation by 9.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,183 shares of the technology company’s stock worth $153,000 after purchasing an additional 469 shares during the period. GW Henssler & Associates Ltd. acquired a new stake in shares of Teradata Corporation during the second quarter worth approximately $202,000. PNC Financial Services Group Inc. boosted its holdings in shares of Teradata Corporation by 0.4% during the second quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the technology company’s stock worth $213,000 after purchasing an additional 31 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Teradata Corporation by 20.9% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 7,819 shares of the technology company’s stock worth $231,000 after purchasing an additional 1,354 shares during the period.
Teradata Corporation Company Profile
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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