Media coverage about First Data Corp (NYSE:FDC) has trended positive this week, according to Alpha One. Alpha One, a subsidiary of Accern, identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Data Corp earned a coverage optimism score of 0.29 on Alpha One’s scale. Alpha One also assigned media headlines about the business services provider an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Alpha One Sentiment’s scoring:
- First Data : Launches Global eCommerce Solution for Payment Facilitators (4-traders.com)
- First Data Corp (FDC) Now Covered by Analysts at Raymond James Financial, Inc. (americanbankingnews.com)
- Raymond James Starts First Data Corporation (FDC) at Outperform – StreetInsider.com (streetinsider.com)
- First Data Launches Global eCommerce Solution for Payment Facilitators (finance.yahoo.com)
- First Data Corp (FDC) Now Covered by Analysts at FIX (americanbankingnews.com)
FDC has been the topic of a number of research reports. Zacks Investment Research downgraded First Data Corp from a “buy” rating to a “hold” rating in a report on Friday, April 14th. Stifel Nicolaus reiterated a “hold” rating and issued a $16.00 target price on shares of First Data Corp in a report on Monday, January 30th. Cantor Fitzgerald began coverage on First Data Corp in a research note on Thursday, January 26th. They issued a “neutral” rating and a $15.00 price target for the company. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $19.00 price target on shares of First Data Corp in a research note on Tuesday, April 4th. Finally, Atlantic Securities reissued a “neutral” rating and issued a $17.00 price target on shares of First Data Corp in a research note on Wednesday, April 12th. Nine equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $17.64.
First Data Corp (NYSE:FDC) opened at 16.34 on Friday. First Data Corp has a 12-month low of $9.90 and a 12-month high of $17.01. The company has a market cap of $15.02 billion, a PE ratio of 29.49 and a beta of 1.76. The company has a 50-day moving average price of $15.67 and a 200 day moving average price of $15.33.
First Data Corp (NYSE:FDC) last issued its earnings results on Monday, May 8th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. First Data Corp had a return on equity of 25.67% and a net margin of 3.63%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts forecast that First Data Corp will post $1.53 EPS for the current fiscal year.
In other First Data Corp news, insider Matthew Cagwin sold 8,195 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $16.42, for a total value of $134,561.90. Following the completion of the transaction, the insider now owns 85,007 shares of the company’s stock, valued at approximately $1,395,814.94. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 9.50% of the stock is owned by corporate insiders.
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First Data Corp Company Profile
First Data Corporation is a provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers. The Company’s segments are Global Business Solutions (GBS), Global Financial Solutions (GFS), Network & Security Solutions (NSS), and Corporate. The GBS segment provides businesses of all sizes and types with a range of solutions at the point of sale, including merchant acquiring, e-commerce, mobile commerce, point-of-sale, and other business solutions.
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