Vantiv, Inc. (VNTV) Rating Reiterated by Robert W. Baird

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.

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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.

About Vantiv

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.

Analyst Recommendations for Vantiv (NYSE:VNTV)

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