First Data Corporation (NYSE:FDC) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities research analysts have also commented on FDC. Zacks Investment Research lowered shares of First Data Corporation from a “buy” rating to a “hold” rating in a report on Friday, April 14th. Citigroup Inc. lifted their price target on shares of First Data Corporation from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Instinet lifted their price target on shares of First Data Corporation from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, May 9th. BMO Capital Markets lifted their price target on shares of First Data Corporation from $18.00 to $19.00 and gave the company a “market perform” rating in a research note on Tuesday, May 9th. Finally, Barclays PLC lifted their price target on shares of First Data Corporation from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday, May 10th. Nine investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. First Data Corporation presently has a consensus rating of “Buy” and a consensus target price of $18.70.

Shares of First Data Corporation (FDC) opened at 17.47 on Friday. First Data Corporation has a one year low of $12.74 and a one year high of $19.20. The company has a 50-day moving average of $18.41 and a 200-day moving average of $16.75. The company has a market capitalization of $16.12 billion, a PE ratio of 29.21 and a beta of 1.77.

First Data Corporation (NYSE:FDC) last issued its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the business posted $0.35 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts anticipate that First Data Corporation will post $1.53 earnings per share for the current year.

WARNING: This report was first published by Watch List News and is owned by of Watch List News. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://www.watchlistnews.com/first-data-corporation-nysefdc-downgraded-to-hold-at-bidaskclub/1477709.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDC. Pacer Advisors Inc. increased its stake in shares of First Data Corporation by 8.9% in the second quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after buying an additional 452 shares during the last quarter. Advisor Group Inc. increased its stake in shares of First Data Corporation by 113.3% in the second quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after buying an additional 2,964 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of First Data Corporation by 1,276.6% in the first quarter. Tower Research Capital LLC TRC now owns 6,635 shares of the business services provider’s stock valued at $103,000 after buying an additional 6,153 shares during the last quarter. Independent Portfolio Consultants Inc. bought a new stake in shares of First Data Corporation during the first quarter valued at approximately $106,000. Finally, Nordea Investment Management AB increased its stake in shares of First Data Corporation by 9.0% in the first quarter. Nordea Investment Management AB now owns 7,632 shares of the business services provider’s stock valued at $118,000 after buying an additional 632 shares during the last quarter. Institutional investors own 36.55% of the company’s stock.

First Data Corporation Company Profile

First Data Corporation is a provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers. The Company’s segments are Global Business Solutions (GBS), Global Financial Solutions (GFS), Network & Security Solutions (NSS), and Corporate. The GBS segment provides businesses of all sizes and types with a range of solutions at the point of sale, including merchant acquiring, e-commerce, mobile commerce, point-of-sale, and other business solutions.

Analyst Recommendations for First Data Corporation (NYSE:FDC)

Receive News & Ratings for First Data Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Data Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.