Buckingham Research Upgrades Vantiv (VNTV) to “Buy”
Vantiv (NYSE:VNTV) was upgraded by Buckingham Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage currently has a $90.00 price objective on the business services provider’s stock. Buckingham Research’s price target points to a potential upside of 20.39% from the company’s previous close.
Several other research analysts have also weighed in on the company. Cowen reissued a “buy” rating and issued a $84.00 price objective on shares of Vantiv in a research report on Thursday. Deutsche Bank lifted their price objective on Vantiv to $82.00 and gave the stock a “buy” rating in a research report on Monday, December 4th. KeyCorp reissued a “buy” rating and issued a $85.00 price objective (up from $80.00) on shares of Vantiv in a research report on Monday, December 4th. Wedbush raised Vantiv from a “neutral” rating to an “outperform” rating in a research report on Friday, December 1st. Finally, Berenberg Bank began coverage on Vantiv in a research report on Thursday, November 16th. They issued a “buy” rating and a $85.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Vantiv currently has an average rating of “Buy” and an average target price of $77.12.
Vantiv (NYSE:VNTV) traded up $1.90 during mid-day trading on Friday, hitting $74.76. The stock had a trading volume of 3,526,100 shares, compared to its average volume of 1,994,025. Vantiv has a 1 year low of $56.64 and a 1 year high of $76.22. The company has a debt-to-equity ratio of 7.45, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $13,289.19, a price-to-earnings ratio of 25.09, a PEG ratio of 1.66 and a beta of 0.58.
Vantiv (NYSE:VNTV) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $551.77 million. During the same period last year, the company posted $0.71 EPS. The business’s quarterly revenue was up 13.1% on a year-over-year basis. equities analysts forecast that Vantiv will post 3.16 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of VNTV. Toronto Dominion Bank increased its holdings in Vantiv by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock worth $125,000 after purchasing an additional 217 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Vantiv by 404.7% during 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 in the last quarter. Zions Bancorporation bought a new stake in Vantiv during the 3rd quarter worth approximately $155,000. Highbridge Capital Management LLC increased its holdings in Vantiv by 2,754.0% during the 3rd quarter. Highbridge Capital Management LLC now owns 2,854 shares of the business services provider’s stock worth $201,000 after purchasing an additional 2,754 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its holdings in 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 in the last quarter.
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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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