Jefferies Group upgraded shares of Vantiv (NYSE:VNTV) from a hold rating to a buy rating in a research note released on Thursday morning, Marketbeat.com reports. Jefferies Group currently has $69.00 price objective on the business services provider’s stock. Jefferies Group also issued estimates for Vantiv’s Q1 2018 earnings at $0.70 EPS and Q4 2018 earnings at $1.00 EPS.
VNTV has been the topic of several other research reports. Royal Bank of Canada reissued a buy rating and issued a $78.00 price target on shares of Vantiv in a report on Friday, October 13th. BidaskClub downgraded Vantiv from a sell rating to a strong sell rating in a report on Friday, October 20th. Nomura cut their price target on Vantiv from $85.00 to $83.00 and set a buy rating on the stock in a report on Friday, October 27th. Zacks Investment Research downgraded Vantiv from a buy rating to a hold rating in a report on Friday, September 1st. Finally, Berenberg Bank started coverage on Vantiv in a report on Thursday, November 16th. They issued a buy rating and a $85.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $78.30.
Shares of Vantiv (NYSE VNTV) opened at $75.87 on Thursday. The stock has a market capitalization of $13,486.50, a P/E ratio of 25.46, a P/E/G ratio of 1.68 and a beta of 0.58. Vantiv has a 1-year low of $58.13 and a 1-year high of $76.22. The company has a debt-to-equity ratio of 7.45, a current ratio of 0.72 and a quick ratio of 0.72.
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, topping the consensus estimate of $0.89 by $0.01. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $551.77 million. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The business’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. analysts forecast that Vantiv will post 3.16 earnings per share for the current year.
Several hedge funds have recently modified their holdings of VNTV. Toronto Dominion Bank increased its position in shares of Vantiv by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 217 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Vantiv by 404.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 1,740 shares during the period. Zions Bancorporation acquired a new position in shares of Vantiv during the 3rd quarter valued at $155,000. Highbridge Capital Management LLC increased its position in shares of Vantiv by 2,754.0% during the 3rd quarter. Highbridge Capital Management LLC now owns 2,854 shares of the business services provider’s stock valued at $201,000 after purchasing an additional 2,754 shares during the period. Finally, Great Lakes Advisors LLC increased its position in shares of Vantiv by 1.5% during the 2nd quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 47 shares during the period.
Vantiv Company Profile
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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