First Data Corp. (NYSE:FDC)‘s stock had its “buy” rating reaffirmed by Barclays PLC in a note issued to investors on Tuesday. They presently have a $17.00 price objective on the stock. Barclays PLC’s price target would suggest a potential upside of 20.14% from the company’s previous close.

Several other brokerages also recently weighed in on FDC. Mizuho upped their target price on First Data Corp. from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research raised First Data Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 6th. Wedbush initiated coverage on First Data Corp. in a research note on Thursday, September 8th. They issued a “neutral” rating and a $15.00 price objective for the company. Deutsche Bank AG reissued a “buy” rating on shares of First Data Corp. in a research note on Wednesday, September 14th. Finally, Jefferies Group initiated coverage on First Data Corp. in a research note on Wednesday, August 31st. They issued a “buy” rating and a $16.50 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. First Data Corp. presently has a consensus rating of “Buy” and an average target price of $15.94.

Analyst Recommendations for First Data Corp. (NYSE:FDC)

First Data Corp. (NYSE:FDC) opened at 14.28 on Tuesday. First Data Corp. has a 1-year low of $8.37 and a 1-year high of $17.83. The stock’s market capitalization is $13.00 billion. The firm’s 50-day moving average is $13.55 and its 200 day moving average is $12.65.

First Data Corp. (NYSE:FDC) last announced its earnings results on Monday, November 7th. The company reported $0.34 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.83 billion. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Equities analysts anticipate that First Data Corp. will post $1.32 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in FDC. Victory Capital Management Inc. bought a new position in shares of First Data Corp. during the second quarter valued at about $105,000. Public Employees Retirement Association of Colorado boosted its position in shares of First Data Corp. by 74.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,044 shares of the company’s stock valued at $111,000 after buying an additional 4,271 shares during the last quarter. Moors & Cabot Inc. bought a new position in shares of First Data Corp. during the second quarter valued at about $115,000. Acrospire Investment Management LLC boosted its position in shares of First Data Corp. by 2,600.0% in the second quarter. Acrospire Investment Management LLC now owns 10,800 shares of the company’s stock valued at $120,000 after buying an additional 10,400 shares during the last quarter. Finally, Usca Ria LLC bought a new position in shares of First Data Corp. during the second quarter valued at about $144,000. Institutional investors and hedge funds own 33.97% of the company’s stock.

About First Data Corp.

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