First Data Corp. (FDC) Sees Unusually-High Trading Volume
Shares of First Data Corp. (NYSE:FDC) saw strong trading volume on Wednesday . 3,081,356 shares changed hands during trading, an increase of 12% from the previous session’s volume of 2,746,306 shares.The stock last traded at $13.76 and had previously closed at $13.45.
A number of equities research analysts have recently commented on the company. Jefferies Group assumed coverage on First Data Corp. in a research note on Wednesday. They set a “buy” rating and a $16.50 target price on the stock. Wedbush restated a “buy” rating on shares of First Data Corp. in a research note on Tuesday, August 2nd. Piper Jaffray Cos. restated an “overweight” rating and issued a $19.00 price objective (up from $15.00) on shares of First Data Corp. in a research note on Tuesday, August 2nd. Nomura restated a “hold” rating and issued a $14.00 price objective on shares of First Data Corp. in a research note on Wednesday, August 3rd. Finally, Zacks Investment Research upgraded First Data Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $16.83.
The stock has a 50 day moving average of $12.74 and a 200 day moving average of $12.26. The stock’s market capitalization is $12.67 billion.
First Data Corp. (NYSE:FDC) last released its quarterly earnings results on Monday, August 1st. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.81 billion. The business’s quarterly 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 purchased a new position in shares of First Data Corp. (NYSE:FDC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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. as of its most recent filing with the SEC.
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