First Data Corp. (FDC) Trading 2.4% Higher
First Data Corp. (NYSE:FDC) traded up 2.4% during trading on Tuesday . The company traded as high as $13.63 and last traded at $13.49, with a volume of 2,428,163 shares. The stock had previously closed at $13.17.
A number of equities research analysts have commented on the stock. BTIG Research restated a “hold” rating on shares of First Data Corp. in a report on Monday, July 18th. Zacks Investment Research upgraded shares of First Data Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 6th. Wedbush restated a “buy” rating on shares of First Data Corp. in a report on Tuesday, August 2nd. Keefe, Bruyette & Woods assumed coverage on shares of First Data Corp. in a report on Tuesday, June 7th. They issued an “outperform” rating and a $15.00 price target for the company. Finally, Piper Jaffray Cos. restated an “overweight” rating and issued a $19.00 price target (up from $15.00) on shares of First Data Corp. in a report on Tuesday, August 2nd. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $16.84.
The stock’s 50 day moving average is $12.67 and its 200-day moving average is $12.23. The firm’s market cap is $12.24 billion.
First Data Corp. (NYSE:FDC) last released its earnings results on Monday, August 1st. The company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. The business earned $1.98 billion during the quarter, compared to analysts’ expectations of $1.81 billion. The firm’s revenue was up 1.9% on a year-over-year basis. On average, equities research analysts expect 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 bought a new position in First Data Corp. (NYSE:FDC) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 1,089,731 shares of the company’s stock, valued at approximately $17,457,000. BlackRock Advisors LLC owned about 0.12% of First Data Corp. as of its most recent SEC filing.
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