Raymond James analyst Wayne Johnson maintained a Buy rating on First Data Corp (NYSE: FDC) today and set a price target of $25. The company’s shares opened today at $21.60, close to its 52-week high of $22.14.
Johnson has an average return of 22.1% when recommending First Data Corp.
According to TipRanks.com, Johnson is ranked #251 out of 4832 analysts.
Currently, the analyst consensus on First Data Corp is Strong Buy and the average price target is $22.73, representing a 5.2% upside.
In a report issued on June 11, Goldman Sachs also upgraded the stock to Buy with a $25 price target.
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Based on First Data Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.28 billion and net profit of $101 million. In comparison, last year the company earned revenue of $2.8 billion and had a net profit of $36 million.
Based on the recent corporate insider activity of 138 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.
