Teradata Corporation (TDC) Price Target Increased to $32.00 by Analysts at Mizuho
Teradata Corporation (NYSE:TDC) had its target price hoisted by Mizuho from $26.00 to $32.00 in a research report report published on Thursday. Mizuho currently has an underperform rating on the technology company’s stock.
A number of other research firms have also weighed in on TDC. BidaskClub lowered shares of Teradata Corporation from a buy rating to a hold rating in a report on Friday, August 11th. Stifel Nicolaus restated a hold rating and issued a $32.00 price target on shares of Teradata Corporation in a research report on Monday, July 10th. Royal Bank Of Canada restated a hold rating and issued a $30.00 price target on shares of Teradata Corporation in a research report on Wednesday, October 18th. BMO Capital Markets raised their price target on Teradata Corporation from $30.00 to $32.00 and gave the stock a market perform rating in a research report on Friday, July 28th. Finally, Needham & Company LLC began coverage on Teradata Corporation in a research report on Monday, September 11th. They issued a hold rating for the company. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $30.70.
Teradata Corporation (NYSE:TDC) traded up $2.80 during mid-day trading on Thursday, hitting $36.09. 2,264,834 shares of the company were exchanged, compared to its average volume of 1,381,599. Teradata Corporation has a 1 year low of $26.27 and a 1 year high of $38.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.90 and a current ratio of 1.61. The stock has a market capitalization of $4,723.75, a price-to-earnings ratio of 32.22, a PEG ratio of 7.54 and a beta of 1.23.
Teradata Corporation (NYSE:TDC) last posted its earnings results on Thursday, November 2nd. The technology company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.17. Teradata Corporation had a net margin of 3.01% and a return on equity of 16.47%. The firm had revenue of $526.00 million during the quarter, compared to analyst estimates of $511.23 million. During the same period last year, the firm posted $0.69 earnings per share. Teradata Corporation’s revenue for the quarter was down 4.7% compared to the same quarter last year. research analysts anticipate that Teradata Corporation will post 0.9 EPS for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in the stock. Global X MANAGEMENT CO LLC raised its holdings in shares of Teradata Corporation by 16.8% in the third quarter. Global X MANAGEMENT CO LLC now owns 10,689 shares of the technology company’s stock valued at $361,000 after acquiring an additional 1,535 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Teradata Corporation by 223.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 48,253 shares of the technology company’s stock valued at $1,630,000 after purchasing an additional 33,346 shares during the last quarter. State of Tennessee Treasury Department purchased a new position in Teradata Corporation in the third quarter valued at about $2,703,000. Canada Pension Plan Investment Board grew its stake in Teradata Corporation by 131.2% in the third quarter. Canada Pension Plan Investment Board now owns 839,067 shares of the technology company’s stock valued at $28,352,000 after purchasing an additional 476,100 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in Teradata Corporation in the third quarter valued at about $33,107,000.
About Teradata Corporation
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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