Vantiv, Inc. (VNTV) Receives New Coverage from Analysts at Buckingham Research
Research analysts at Buckingham Research began coverage on shares of Vantiv, Inc. (NYSE:VNTV) in a research note issued to investors on Monday. The firm set a “neutral” rating and a $78.00 price target on the business services provider’s stock. Buckingham Research’s price target indicates a potential upside of 10.69% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. Wedbush reaffirmed a “neutral” rating and set a $65.00 price target (up from $60.00) on shares of Vantiv in a research note on Tuesday, June 6th. Zacks Investment Research lowered Vantiv from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. KeyCorp cut Vantiv to a “hold” rating in a research note on Monday, June 12th. BidaskClub raised Vantiv from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Robert W. Baird restated an “outperform” rating and issued a $72.00 price objective on shares of Vantiv in a report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $75.58.
Shares of Vantiv (NYSE:VNTV) opened at 70.47 on Monday. The firm has a market capitalization of $11.36 billion, a P/E ratio of 59.57 and a beta of 0.61. The stock’s 50 day moving average price is $70.18 and its 200-day moving average price is $64.92. Vantiv has a 12-month low of $54.38 and a 12-month high of $73.14.
Vantiv (NYSE:VNTV) last posted its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $525.12 million. During the same period last year, the company posted $0.70 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities analysts expect that Vantiv will post $3.35 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This report was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.watchlistnews.com/vantiv-inc-vntv-receives-new-coverage-from-analysts-at-buckingham-research/1602678.html.
Large investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank boosted its holdings in Vantiv by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 217 shares during the period. Tower Research Capital LLC TRC grew its position in Vantiv by 404.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock worth $137,000 after purchasing an additional 1,740 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Vantiv in the 1st quarter worth $203,000. Beacon Investment Advisory Services Inc. acquired a new stake in Vantiv in the 2nd quarter worth $204,000. Finally, Great Lakes Advisors LLC increased its holdings in shares of Vantiv by 1.5% during the 2nd quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock worth $204,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 80.16% of the company’s stock.
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.