First Data Corporation (FDC) PT Raised to $18.00


Zacks Investment Research lowered shares of First Data Corporation from a "hold" rating to a "sell" rating in a research report on Monday, September 12th. First Data Corporation now has a consensus rating of Buy and a consensus target price of $16.23. In last trade, the intraday high was $16.44, putting the share price -2.29% below its 52-week high and trades 69.01% higher from the lowest price they have traded at during the previous year. KeyCorp began coverage on First Data Corporation in a research report on Friday, December 16th. They set an "overweight" rating and a $17.00 price target on the stock. Finally, Deutsche Bank AG reissued a "buy" rating on shares of First Data Corporation in a research report on Monday, November 14th. Buy rating has been given by 10 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 9 analysts given HOLD rating. First Data Corporation presently has an average rating of "Buy" and an average price target of $15.75.

Close on the heels of First Data Corp (NYSE:FDC) reporting its December quarter results, S&P Capital IQ analyst Holt lifted his price target by $ from $16 to $18 on the stock.

Marriott International, Inc. (MAR) recently recorded 1.79 percent change and now at $89.46 is 48.18 percent away from its 52-week low and down 1.76 percent versus its peak. With an institutional ownership near 65.5%, it carries an earnings per share ratio of 2.83. The stock recovered 70.7% since its low point and has performed 2.67% year-to-date. The share price has moved forward from its 20 days moving average, trading at a distance of 3.85% and stays 7.4% away from its 50 days moving average.

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When the current quarter ends, Wall Street expects First Data Corporation to have earnings per share of $0.29. The company reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.03.

Average Revenue Estimate for the current quarter is $1.73 Billion, according to consensus forecast of 20 analysts.

First Data Corporation Gross Margin percentage stands at 43.1% while its Operating Margin for trailing twelve month is 1.7 percent and Profit margin (ttm) is -8.5 Percent. Total segment revenue was $1.8 billion for the quarter, flat over the prior year period, or up 3% excluding the impacts from currency and divestiture of the Australian ATM business that occurred in the third quarter of 2016. Analysts anticipate that First Data Corporation will post $1.52 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Roystone Capital Management LP acquired a new position in First Data Corporation during the second quarter worth about $22,164,000. This showed the surprise of 8.3% in the last quarter earnings. JPMorgan Chase & Co. now owns 4,306,853 shares of the company's stock worth $56,679,000 after buying an additional 2,779,130 shares during the last quarter. Edgemoor Investment Advisors Inc. boosted its stake in shares of First Data Corporation by 16.1% in the third quarter.

The counter witnessed a trading volume of 14.31 million shares versus an average volume of 6.98 million shares during last trading session.

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