Stephens Reaffirms Their Buy Rating on First Data Corp (FDC)
Stephens analyst Brett Huff reiterated a Buy rating on First Data Corp (NYSE: FDC) yesterday and set a price target of $30. The company’s shares closed yesterday at $22.35.
According to TipRanks.com, Huff is a top 100 analyst with an average return of 27.3% and a 80.4% success rate. Huff covers the Technology sector, focusing on stocks such as Bottomline Technologies, Fidelity National Info, and Total System Services.
Currently, the analyst consensus on First Data Corp is a Strong Buy with an average price target of $28, representing a 25.3% upside. In a report issued on September 28, Evercore ISI also maintained a Buy rating on the stock with a $26 price target.
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Based on First Data Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.45 billion and net profit of $341 million. In comparison, last year the company earned revenue of $3.08 billion and had a net profit of $296 million.
Based on the recent corporate insider activity of 136 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.