First Data Corp. (FDC) Stock Price Up 2.4%
First Data Corp. (NYSE:FDC) shares rose 2.4% on Tuesday . The stock traded as high as $13.63 and last traded at $13.49, with a volume of 2,428,163 shares changing hands. The stock had previously closed at $13.17.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of First Data Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 24th. Barclays PLC reduced their target price on shares of First Data Corp. from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Deutsche Bank AG restated a “buy” rating on shares of First Data Corp. in a report on Monday, July 18th. Craig Hallum assumed coverage on shares of First Data Corp. in a report on Tuesday. They set a “buy” rating and a $20.00 target price for the company. Finally, BTIG Research upgraded shares of First Data Corp. from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a report on Monday, August 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the stock. First Data Corp. has a consensus rating of “Buy” and a consensus target price of $16.83.
The firm’s market cap is $12.67 billion. The company has a 50-day moving average price of $12.81 and a 200-day moving average price of $12.27.
First Data Corp. (NYSE:FDC) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The business earned $1.98 billion during the quarter, compared to analyst estimates of $1.81 billion. First Data Corp.’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities research analysts anticipate that First Data Corp. will post $1.32 EPS for the current year.
A hedge fund recently bought a new stake in First Data Corp. stock. BlackRock Advisors LLC purchased a new stake in shares of First Data Corp. (NYSE:FDC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,089,731 shares of the company’s stock, valued at approximately $17,457,000. BlackRock Advisors LLC owned approximately 0.12% of First Data Corp. at the end of the most recent reporting period.
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