A number of firms have modified their ratings and price targets on shares of First Data (NYSE: FDC) recently:

  • 11/20/2018 – First Data was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 11/14/2018 – First Data is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $24.00 price target on the stock.
  • 11/5/2018 – First Data had its price target lowered by analysts at Stephens from $30.00 to $25.00. They now have an “overweight” rating on the stock.
  • 10/31/2018 – First Data had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $27.00 price target on the stock.
  • 10/30/2018 – First Data had its price target lowered by analysts at KeyCorp from $28.00 to $25.00. They now have an “overweight” rating on the stock.
  • 10/29/2018 – First Data had its price target lowered by analysts at Robert W. Baird from $30.00 to $27.00. They now have an “outperform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/29/2018 – First Data had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $20.00 price target on the stock, down previously from $23.00. They wrote, “: We maintain our Neutral rating on FDC and lower our PT to $20 from $23 given a lower outlook due to FX. Our Neutral rating is based on the company‚Äôs below-industry growth rate and comparative leverage. Quarterly top- line results were below FactSet expectations as all segments missed, due to FX and divestitures in the GFS business, whose impact was greater than expected. GBS a point of focus, was up in the mid-single digits on an organic constant currency (cc) basis. Total GBS decelerated to 6% organic growth from 8% last quarter.””
  • 10/29/2018 – First Data was given a new $35.00 price target on by analysts at Craig Hallum. They now have a “buy” rating on the stock.
  • 10/26/2018 – First Data had its price target raised by analysts at Buckingham Research from $27.00 to $35.00. They now have a “buy” rating on the stock.
  • 10/19/2018 – First Data had its price target raised by analysts at Robert W. Baird from $28.00 to $30.00. They now have an “outperform” rating on the stock.
  • 10/17/2018 – First Data had its price target raised by analysts at Nomura from $21.00 to $26.00. They now have a “neutral” rating on the stock.
  • 10/11/2018 – First Data was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/27/2018 – First Data had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $37.00 price target on the stock.
  • 9/26/2018 – First Data is now covered by analysts at BMO Capital Markets. They set a “market perform” rating and a $26.00 price target on the stock.

Shares of FDC opened at $16.78 on Wednesday. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $15.85 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 1.46 and a beta of 1.94. First Data Corp has a 12 month low of $14.73 and a 12 month high of $26.62.

First Data (NYSE:FDC) last issued its quarterly earnings results on Monday, October 29th. The business services provider reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.22 billion. First Data had a net margin of 17.48% and a return on equity of 19.33%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 earnings per share. On average, equities research analysts predict that First Data Corp will post 1.2 EPS for the current year.

In other news, insider Barry C. Mccarthy sold 113,515 shares of First Data stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $19.13, for a total value of $2,171,541.95. Following the completion of the transaction, the insider now directly owns 368,571 shares in the company, valued at $7,050,763.23. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Barry C. Mccarthy sold 35,000 shares of First Data stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $18.69, for a total value of $654,150.00. Following the completion of the transaction, the insider now owns 368,571 shares of the company’s stock, valued at $6,888,591.99. The disclosure for this sale can be found here. Insiders sold 299,718 shares of company stock valued at $6,723,705 over the last three months. Company insiders own 5.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. National Pension Service bought a new stake in First Data during the third quarter valued at $154,000. Acadian Asset Management LLC bought a new stake in First Data during the second quarter valued at $171,000. Squar Milner Financial Services LLC boosted its stake in First Data by 820.3% during the third quarter. Squar Milner Financial Services LLC now owns 7,519 shares of the business services provider’s stock valued at $184,000 after buying an additional 6,702 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in First Data during the second quarter valued at $188,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in First Data during the third quarter valued at $190,000. Institutional investors own 53.95% of the company’s stock.

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.

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