SunTrust Banks, Inc. Reiterates “Hold” Rating for Vantiv, Inc. (VNTV)

Vantiv, Inc. (NYSE:VNTV)‘s stock had its “hold” rating restated by investment analysts at SunTrust Banks, Inc. in a research note issued on Friday. They presently have a $71.00 price objective on the business services provider’s stock. SunTrust Banks, Inc.’s price target would suggest a potential upside of 0.25% from the stock’s previous close.

VNTV has been the topic of a number of other reports. KeyCorp cut Vantiv to a “hold” rating in a report on Monday, June 12th. BidaskClub cut Vantiv from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Zacks Investment Research cut Vantiv from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Deutsche Bank AG reissued a “buy” rating and set a $72.00 price objective (up from $67.00) on shares of Vantiv in a report on Thursday, August 10th. Finally, Stifel Nicolaus reduced their price target on Vantiv from $66.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $75.40.

Vantiv (VNTV) opened at 70.82 on Friday. The firm has a 50-day moving average price of $71.48 and a 200-day moving average price of $65.55. Vantiv has a 52-week low of $54.38 and a 52-week high of $73.14. The company has a market cap of $11.42 billion, a PE ratio of 59.86 and a beta of 0.61.

Vantiv (NYSE:VNTV) last announced its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. The company had revenue of $530.00 million for the quarter, compared to analysts’ expectations of $525.12 million. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. Vantiv’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $0.70 EPS. On average, analysts forecast that Vantiv will post $3.35 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This article was first posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://transcriptdaily.com/2017/10/08/suntrust-banks-inc-reiterates-hold-rating-for-vantiv-inc-vntv.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC bought a new stake in shares of Vantiv during the first quarter valued at approximately $230,000. GAM Holding AG boosted its position in shares of Vantiv by 41.6% during the second quarter. GAM Holding AG now owns 20,573 shares of the business services provider’s stock valued at $1,303,000 after purchasing an additional 6,045 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its position in shares of Vantiv by 0.9% during the second quarter. NN Investment Partners Holdings N.V. now owns 66,622 shares of the business services provider’s stock valued at $4,219,000 after purchasing an additional 599 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Vantiv by 1.8% during the first quarter. Teachers Advisors LLC now owns 412,495 shares of the business services provider’s stock valued at $26,449,000 after purchasing an additional 7,224 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Vantiv by 0.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 199,510 shares of the business services provider’s stock valued at $12,637,000 after purchasing an additional 1,178 shares in the last quarter. Institutional investors own 80.16% of the company’s stock.

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.

Analyst Recommendations for Vantiv (NYSE:VNTV)

Receive News & Ratings for Vantiv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vantiv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply