First Data Corporation (NYSE:FDC) Getting Somewhat Favorable Media Coverage, Report Shows
Press coverage about First Data Corporation (NYSE:FDC) has been trending somewhat positive on Thursday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Data Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 46.6427086044715 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Silicon Valley Bank and First Data Welcome Class 6 of Commerce.Innovated. (finance.yahoo.com)
- Analysts Issue Forecasts for First Data Corporation’s Q2 2018 Earnings (FDC) (americanbankingnews.com)
- KeyCorp Weighs in on First Data Corporation’s Q4 2017 Earnings (FDC) (americanbankingnews.com)
- Comparable Company Analysis: Apollo Global Management, LLC (APO), First Data Corporation (FDC) – AllStockNews (allstocknews.com)
- $1.90 Billion in Sales Expected for First Data Corporation (FDC) This Quarter (americanbankingnews.com)
Shares of First Data Corporation (NYSE:FDC) traded down 2.40% during mid-day trading on Thursday, hitting $17.52. 4,727,954 shares of the company were exchanged. The company has a market capitalization of $16.17 billion, a P/E ratio of 29.30 and a beta of 1.77. First Data Corporation has a 52 week low of $12.74 and a 52 week high of $19.20. The company has a 50 day moving average of $18.46 and a 200 day moving average of $16.73.
First Data Corporation (NYSE:FDC) last posted its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.98 billion. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 earnings per share. Equities analysts anticipate that First Data Corporation will post $1.53 earnings per share for the current year.
A number of equities research analysts have issued reports on FDC shares. Atlantic Securities reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of First Data Corporation in a research report on Wednesday, April 12th. Zacks Investment Research downgraded shares of First Data Corporation from a “buy” rating to a “hold” rating in a research report on Friday, April 14th. Citigroup Inc. upped their price objective on shares of First Data Corporation from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Instinet upped their price objective on shares of First Data Corporation from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 9th. Finally, BMO Capital Markets upped their price objective on shares of First Data Corporation from $18.00 to $19.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 9th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $18.70.
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About First Data Corporation
First Data Corporation is a provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers. The Company’s segments are Global Business Solutions (GBS), Global Financial Solutions (GFS), Network & Security Solutions (NSS), and Corporate. The GBS segment provides businesses of all sizes and types with a range of solutions at the point of sale, including merchant acquiring, e-commerce, mobile commerce, point-of-sale, and other business solutions.
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