Mizuho Reaffirms Hold Rating for Vantiv (VNTV)
Other research analysts also recently issued research reports about the company. Buckingham Research raised Vantiv from a neutral rating to a buy rating and set a $90.00 price target for the company in a research note on Friday, December 8th. KeyCorp reaffirmed a buy rating and issued a $85.00 price target (up previously from $80.00) on shares of Vantiv in a research note on Monday, December 4th. Cantor Fitzgerald reaffirmed a buy rating and issued a $74.00 price target on shares of Vantiv in a research note on Thursday, October 26th. Robert W. Baird reaffirmed a buy rating and issued a $82.00 price target on shares of Vantiv in a research note on Monday, November 13th. Finally, Citigroup reaffirmed a buy rating and issued a $83.00 price target on shares of Vantiv in a research note on Monday, September 25th. Eight investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $79.69.
Shares of Vantiv (NYSE:VNTV) opened at $77.49 on Thursday. Vantiv has a twelve month low of $59.10 and a twelve month high of $77.65. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 7.45. The stock has a market capitalization of $13,774.47, a price-to-earnings ratio of 53.44, a price-to-earnings-growth ratio of 1.53 and a beta of 0.58.
Vantiv (NYSE:VNTV) last posted its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.01. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $551.77 million. During the same quarter last year, the firm earned $0.71 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. equities research analysts expect that Vantiv will post 3.16 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the stock. Third Point LLC acquired a new position in Vantiv in the third quarter valued at approximately $193,792,000. Flossbach Von Storch AG acquired a new position in shares of Vantiv during the third quarter worth approximately $148,023,000. JPMorgan Chase & Co. raised its position in shares of Vantiv by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 9,823,200 shares of the business services provider’s stock worth $697,053,000 after purchasing an additional 1,988,656 shares during the period. American Century Companies Inc. raised its position in shares of Vantiv by 177.3% during the third quarter. American Century Companies Inc. now owns 2,604,728 shares of the business services provider’s stock worth $183,555,000 after purchasing an additional 1,665,292 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Vantiv by 192.8% during the third quarter. Bank of New York Mellon Corp now owns 1,711,243 shares of the business services provider’s stock worth $120,592,000 after purchasing an additional 1,126,840 shares during the period.
Vantiv Company Profile
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.
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