Vantiv Receives New Coverage from Analysts at Buckingham Research (VNTV)
Buckingham Research started coverage on shares of Vantiv (NASDAQ: VNTV) in a research note issued on Monday. The firm set a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Raymond James upgraded shares of Vantiv from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, March 12th. They now have a $27.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Vantiv from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, February 28th. They now have a $24.90 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Vantiv from $25.00 to $27.00 in a research note to investors on Thursday, February 21st. They now have an “outperform” rating on the stock.
Eight analysts have rated the stock with a buy rating, two have issued an overweight rating, and five have issued a hold rating to the company. The stock presently has an average rating of “overweight” and an average price target of $26.91.
Shares of Vantiv (NASDAQ: VNTV) opened at 23.01 on Monday. Vantiv has a 52 week low of $18.49 and a 52 week high of $24.43. The stock’s 50-day moving average is currently $21.65. The company has a market cap of $3.273 billion and a P/E ratio of 48.96.
Vantiv (NASDAQ: VNTV) last released its earnings data on Wednesday, February 20th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.04. The company had revenue of $271.19 million for the quarter, compared to the consensus estimate of $439.00 million. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Vantiv has set its FY13 guidance at $1.46-1.50 EPS. Analysts expect that Vantiv will post $1.50 EPS for the current fiscal year.
Vantiv, Inc., formerly Advent-Kong Blocker Corp., is a holding company that conducts its operations through its majority-owned subsidiaries, Vantiv Holding, LLC (Vantiv Holding) and Transactive Ecommerce Solutions Inc.
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