Vantiv (VNTV) Upgraded at Jefferies Group
Jefferies Group upgraded shares of Vantiv (NYSE:VNTV) from a hold rating to a buy rating in a report issued on Thursday morning, Marketbeat.com reports. Jefferies Group currently has $69.00 price objective on the business services provider’s stock. Jefferies Group also issued estimates for Vantiv’s Q1 2018 earnings at $0.70 EPS and Q4 2018 earnings at $1.00 EPS.
Other analysts have also issued research reports about the stock. BidaskClub lowered shares of Vantiv from a hold rating to a sell rating in a research note on Thursday, September 28th. Piper Jaffray Companies reaffirmed a hold rating and issued a $77.00 price target on shares of Vantiv in a report on Thursday, August 24th. Zacks Investment Research downgraded shares of Vantiv from a hold rating to a sell rating in a research report on Wednesday, October 18th. Royal Bank of Canada reiterated a buy rating and set a $78.00 price objective on shares of Vantiv in a research note on Friday, October 13th. Finally, Berenberg Bank began coverage on shares of Vantiv in a report on Thursday, November 16th. They issued a buy rating and a $85.00 target price on the stock. Nine analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Vantiv currently has a consensus rating of Buy and a consensus target price of $78.30.
Shares of Vantiv (NYSE VNTV) traded up $0.99 during midday trading on Thursday, reaching $75.87. The company’s stock had a trading volume of 2,865,600 shares, compared to its average volume of 1,999,310. The company has a debt-to-equity ratio of 7.45, a current ratio of 0.72 and a quick ratio of 0.72. Vantiv has a 12-month low of $58.13 and a 12-month high of $76.22. The firm has a market capitalization of $13,486.50, a PE ratio of 25.46, a P/E/G ratio of 1.68 and a beta of 0.58.
A number of institutional investors have recently made changes to their positions in VNTV. Public Employees Retirement System of Ohio increased its stake in Vantiv by 9.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 119,825 shares of the business services provider’s stock valued at $8,444,000 after buying an additional 9,885 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Vantiv by 24.2% in the third quarter. GSA Capital Partners LLP now owns 5,932 shares of the business services provider’s stock valued at $418,000 after acquiring an additional 1,157 shares in the last quarter. IFM Investors Pty Ltd acquired a new position in shares of Vantiv during the third quarter valued at approximately $383,000. Sterling Capital Management LLC increased its stake in shares of Vantiv by 3.1% during the third quarter. Sterling Capital Management LLC now owns 58,295 shares of the business services provider’s stock valued at $4,108,000 after acquiring an additional 1,738 shares during the period. Finally, Neuberger Berman Group LLC raised its holdings in Vantiv by 534.0% during the third quarter. Neuberger Berman Group LLC now owns 53,548 shares of the business services provider’s stock worth $3,774,000 after purchasing an additional 45,102 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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