Jefferies Group upgraded shares of Vantiv (NYSE:VNTV) from a hold rating to a buy rating in a research report report published on Thursday. The firm currently has $69.00 target price 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.
Several other research firms have also recently issued reports on VNTV. KeyCorp restated a buy rating and set a $85.00 price objective (up previously from $80.00) on shares of Vantiv in a report on Monday, December 4th. Deutsche Bank raised their price objective on Vantiv to $82.00 and gave the stock a buy rating in a report on Monday, December 4th. Wedbush upgraded Vantiv from a neutral rating to an outperform rating in a report on Friday, December 1st. Cantor Fitzgerald restated a buy rating and set a $79.00 price objective on shares of Vantiv in a report on Tuesday. Finally, Buckingham Research upgraded Vantiv from a neutral rating to a buy rating and set a $90.00 price objective on the stock in a report on Friday, December 8th. Nine investment 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 an average target price of $78.00.
Shares of Vantiv (NYSE:VNTV) traded up $0.99 during trading hours on Thursday, reaching $75.87. The company’s stock had a trading volume of 2,865,609 shares, compared to its average volume of 1,999,310. The firm has a market cap of $13,490.00, a PE ratio of 24.69, a PEG ratio of 1.63 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 has a 52-week low of $58.13 and a 52-week high of $76.22.
Vantiv (NYSE:VNTV) last announced its earnings results on Thursday, October 26th. The business services provider reported $0.90 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 analysts’ expectations of $551.77 million. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. Vantiv’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 EPS. equities analysts anticipate that Vantiv will post 3.16 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of VNTV. Toronto Dominion Bank raised its position in shares of Vantiv by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock worth $125,000 after buying an additional 217 shares during the period. Tower Research Capital LLC TRC raised its position in Vantiv by 404.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 1,740 shares during the period. Zions Bancorporation purchased a new position in Vantiv in the third quarter valued at about $155,000. Highbridge Capital Management LLC raised its position in Vantiv by 2,754.0% in the third quarter. Highbridge Capital Management LLC now owns 2,854 shares of the business services provider’s stock valued at $201,000 after purchasing an additional 2,754 shares during the period. Finally, Great Lakes Advisors LLC raised its position in Vantiv by 1.5% in the second quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 47 shares during the period.
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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