Vantiv’s (VNTV) Buy Rating Reiterated at Stifel Nicolaus
Stifel Nicolaus reiterated their buy rating on shares of Vantiv (NYSE:VNTV) in a research note released on Friday morning. They currently have a $93.00 price target on the business services provider’s stock.
Several other research firms also recently weighed in on VNTV. BidaskClub downgraded shares of Vantiv from a hold rating to a sell rating in a report on Thursday, September 28th. Piper Jaffray Companies reaffirmed a hold rating and issued a $77.00 price objective 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 report on Wednesday, October 18th. Royal Bank of Canada reaffirmed a buy rating and issued a $78.00 price objective on shares of Vantiv in a report on Friday, October 13th. Finally, Berenberg Bank assumed coverage on shares of Vantiv in a report on Thursday, November 16th. They issued a buy rating and a $85.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $78.30.
Vantiv (VNTV) opened at $75.87 on Friday. Vantiv has a 1-year low of $58.13 and a 1-year high of $76.22. The stock has a market cap of $13,490.00, a price-to-earnings ratio of 25.46, a PEG ratio of 1.68 and a beta of 0.58. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 7.45.
Vantiv (NYSE:VNTV) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. Vantiv had a net margin of 6.07% and a return on equity of 41.19%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $551.77 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. sell-side analysts expect that Vantiv will post 3.16 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of VNTV. Third Point LLC acquired a new stake in Vantiv during the 3rd quarter worth about $193,792,000. Flossbach Von Storch AG acquired a new position in shares of Vantiv in the 3rd quarter valued at about $148,023,000. JPMorgan Chase & Co. increased its holdings in shares of Vantiv by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,823,200 shares of the business services provider’s stock valued at $697,053,000 after purchasing an additional 1,988,656 shares during the period. American Century Companies Inc. increased its holdings in shares of Vantiv by 177.3% in the 3rd quarter. American Century Companies Inc. now owns 2,604,728 shares of the business services provider’s stock valued at $183,555,000 after purchasing an additional 1,665,292 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Vantiv by 192.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,711,243 shares of the business services provider’s stock valued at $120,592,000 after purchasing an additional 1,126,840 shares during the period.
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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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