In a report issued on February 15, Jeff Cantwell from Guggenheim reiterated a Buy rating on First Data Corp (FDC), with a price target of $28. The company’s shares opened today at $25.35, close to its 52-week high of $26.62.
Cantwell has an average return of 24.9% when recommending First Data Corp.
According to TipRanks.com, Cantwell is ranked #377 out of 5188 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for First Data Corp with a $25.32 average price target, representing a -0.1% downside. In a report issued on February 6, Robert W. Baird also reiterated a Buy rating on the stock with a $27 price target.
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Based on First Data Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.4 billion and net profit of $162 million. In comparison, last year the company earned revenue of $3.15 billion and had a net profit of $948 million.
Based on the recent corporate insider activity of 113 insiders, corporate insider sentiment is negative on the stock.
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First Data Corp. engages in the provision of commerce-enabling technology and solutions; and payment technology and services. It operates through the following segments: Global Business Solutions; Global Financial Solutions; and Network and Security Solutions.
