Vantiv (VNTV) Given Buy Rating at Cantor Fitzgerald
Cantor Fitzgerald reissued their buy rating on shares of Vantiv (NYSE:VNTV) in a research report released on Tuesday morning. They currently have a $79.00 price target on the business services provider’s stock.
“Focus: Vantiv (VNTV, OW) & WorldPay (WPG-GB, NC) Merger Areas where we believe we have added value are:.”,” Cantor Fitzgerald’s analyst wrote.
Several other research analysts also recently commented on the company. Royal Bank of Canada reissued a buy rating and issued a $78.00 target price on shares of Vantiv in a report on Friday, October 13th. KeyCorp reissued a buy rating and issued a $80.00 target price on shares of Vantiv in a report on Friday, September 1st. BidaskClub downgraded Vantiv from a strong-buy rating to a buy rating in a report on Friday, September 1st. Bank of America started coverage on Vantiv in a report on Tuesday, September 12th. They issued a neutral rating on the stock. Finally, Zacks Investment Research raised Vantiv from a hold rating to a buy rating and set a $79.00 target price on the stock in a report on Tuesday, September 5th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $77.77.
Vantiv (NYSE:VNTV) last announced its earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $551.77 million. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. Vantiv’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 EPS. equities research analysts predict that Vantiv will post 3.16 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the business. Toronto Dominion Bank raised its position in shares of Vantiv by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 217 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Vantiv by 404.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock valued at $137,000 after acquiring an additional 1,740 shares during the last quarter. Zions Bancorporation bought a new stake in shares of Vantiv during the 3rd quarter valued at $155,000. Highbridge Capital Management LLC raised its position in shares of Vantiv by 2,754.0% during the 3rd quarter. Highbridge Capital Management LLC now owns 2,854 shares of the business services provider’s stock valued at $201,000 after acquiring an additional 2,754 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its position in shares of Vantiv by 1.5% during the 2nd quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 47 shares during the last quarter.
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Vantiv Company Profile
Vantiv, Inc is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.
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