Press coverage about First Data Corporation (NYSE:FDC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Data Corporation earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned 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 term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Wedbush Research Analysts Cut Earnings Estimates for First Data Corporation (FDC) (americanbankingnews.com)
- First Data Corporation (FDC) PT Raised to $23 at BTIG; Reiterates Buy – StreetInsider.com (streetinsider.com)
- First Data Corporation’s (FDC) “Buy” Rating Reaffirmed at BTIG Research (americanbankingnews.com)
- What’s First Data Corporation (NYSE:FDC) Upside After This Short Interest Increase? (leisuretravelaid.com)
- First Data Corporation (NYSE:FDC)’s Trend Unknown, Especially After Increased Shorts (cote-ivoire.com)
Several research firms have weighed in on FDC. Barclays PLC lifted their price objective on First Data Corporation from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, May 10th. Instinet reaffirmed a “neutral” rating and set a $16.00 price objective on shares of First Data Corporation in a research report on Tuesday, February 21st. Raymond James Financial, Inc. began coverage on First Data Corporation in a research report on Friday, May 19th. They set an “outperform” rating and a $18.00 price objective on the stock. Citigroup Inc. lifted their price objective on First Data Corporation from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. Finally, BTIG Research reaffirmed a “buy” rating and set a $23.00 price objective (up from $18.00) on shares of First Data Corporation in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $18.16.
First Data Corporation (NYSE:FDC) traded down 0.87% during trading on Tuesday, reaching $18.28. The company had a trading volume of 3,116,966 shares. The stock has a 50 day moving average of $17.09 and a 200-day moving average of $15.81. The stock has a market capitalization of $16.80 billion, a P/E ratio of 33.00 and a beta of 1.79. First Data Corporation has a 12-month low of $9.90 and a 12-month high of $19.01.
First Data Corporation (NYSE:FDC) last released its quarterly earnings data on Monday, May 8th. The business services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.07. First Data Corporation had a net margin of 4.41% and a return on equity of 26.15%. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the previous year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts forecast that First Data Corporation will post $1.53 earnings per share for the current fiscal year.
In other First Data Corporation news, insider Matthew Cagwin sold 8,195 shares of First Data Corporation stock in a transaction on Wednesday, May 10th. The shares were 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 $1,395,814.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.30% of the stock is currently owned by insiders.
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First Data Corporation 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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