Vantiv, Inc. (NYSE:VNTV)‘s stock had its “buy” rating reissued by analysts at Robert W. Baird in a research note issued to investors on Monday. They currently have a $82.00 price target on the business services provider’s stock. Robert W. Baird’s price objective points to a potential upside of 17.44% from the company’s current price.
A number of other brokerages have also issued reports on VNTV. Bank of America Corporation assumed coverage on Vantiv in a report on Tuesday, September 12th. They issued a “neutral” rating for the company. Piper Jaffray Companies reiterated a “hold” rating and issued a $77.00 price target on shares of Vantiv in a report on Thursday, August 24th. Citigroup Inc. reiterated a “buy” rating and issued a $83.00 price target on shares of Vantiv in a report on Monday, September 25th. Oppenheimer Holdings, Inc. boosted their price target on Vantiv from $70.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, August 16th. Finally, BidaskClub raised shares of Vantiv from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Twelve analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Vantiv has a consensus rating of “Buy” and a consensus target price of $75.60.
Shares of Vantiv (NYSE:VNTV) opened at $69.82 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.45. The stock has a market capitalization of $12,334.63, a P/E ratio of 23.28, a P/E/G ratio of 1.54 and a beta of 0.56. Vantiv has a twelve month low of $54.38 and a twelve month high of $73.14.
Vantiv (NYSE:VNTV) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $551.77 million. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. Vantiv’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. research analysts expect that Vantiv will post 3.15 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VNTV. Third Point LLC acquired a new position in shares of Vantiv in the 3rd quarter valued at $193,792,000. Flossbach Von Storch AG acquired a new position in shares of Vantiv in the 3rd quarter valued at $148,023,000. JPMorgan Chase & Co. increased its position in shares of Vantiv by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,823,200 shares of the business services provider’s stock valued at $697,053,000 after acquiring an additional 1,988,656 shares during the period. American Century Companies Inc. increased its position in shares of Vantiv by 177.3% in the 3rd quarter. American Century Companies Inc. now owns 2,604,728 shares of the business services provider’s stock valued at $183,555,000 after acquiring an additional 1,665,292 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Vantiv by 192.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,711,243 shares of the business services provider’s stock valued at $120,592,000 after acquiring an additional 1,126,840 shares during the period. 89.15% of the stock is currently owned by hedge funds and other institutional investors.
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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