KeyCorp Reiterates Buy Rating for Vantiv (VNTV)

KeyCorp reiterated their buy rating on shares of Vantiv (NYSE:VNTV) in a report issued on Monday morning. KeyCorp currently has a $85.00 target price on the business services provider’s stock, up from their previous target price of $80.00.

Several other brokerages have also recently weighed in on VNTV. Wedbush upgraded shares of Vantiv from a neutral rating to an outperform rating in a research note on Friday, December 1st. Bank of America began coverage on shares of Vantiv in a research note on Tuesday, September 12th. They issued a neutral rating on the stock. Piper Jaffray Companies reiterated a hold rating and issued a $77.00 price objective on shares of Vantiv in a research note on Thursday, August 24th. Citigroup reiterated a buy rating and issued a $83.00 price objective on shares of Vantiv in a research note on Monday, September 25th. Finally, Oppenheimer increased their price objective on shares of Vantiv from $70.00 to $77.00 and gave the stock an outperform rating in a research note on Wednesday, August 16th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $77.12.

Shares of Vantiv (NYSE VNTV) opened at $72.86 on Monday. 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 stock has a market cap of $12,784.35, a PE ratio of 24.13, a PEG ratio of 1.60 and a beta of 0.58. Vantiv has a 1-year low of $56.64 and a 1-year high of $76.22.

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 analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $551.77 million. Vantiv had a net margin of 6.07% and a return on equity of 41.19%. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 EPS. sell-side analysts forecast that Vantiv will post 3.16 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in VNTV. Capstone Asset Management Co. raised its position in shares of Vantiv by 3.1% during the second quarter. Capstone Asset Management Co. now owns 4,629 shares of the business services provider’s stock valued at $293,000 after buying an additional 140 shares during the last quarter. Aperio Group LLC raised its position in shares of Vantiv by 3.0% during the second quarter. Aperio Group LLC now owns 17,583 shares of the business services provider’s stock valued at $1,114,000 after buying an additional 513 shares during the last quarter. US Bancorp DE raised its position in shares of Vantiv by 10.4% during the second quarter. US Bancorp DE now owns 16,506 shares of the business services provider’s stock valued at $1,045,000 after buying an additional 1,557 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Vantiv by 19.4% during the second quarter. Great West Life Assurance Co. Can now owns 103,544 shares of the business services provider’s stock valued at $6,550,000 after buying an additional 16,832 shares during the last quarter. Finally, Rothschild Asset Management Inc. raised its position in shares of Vantiv by 13.2% during the second quarter. Rothschild Asset Management Inc. now owns 9,154 shares of the business services provider’s stock valued at $580,000 after buying an additional 1,064 shares during the last quarter.

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About Vantiv

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.

Analyst Recommendations for Vantiv (NYSE:VNTV)

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