Mizuho reissued their hold rating on shares of Vantiv (NYSE:VNTV) in a research report released on Thursday morning. The brokerage currently has a $80.00 price objective on the business services provider’s stock.
Other analysts have also issued reports about the stock. Buckingham Research raised shares of Vantiv from a neutral rating to a buy rating and set a $90.00 price target for the company in a research note on Friday, December 8th. Royal Bank of Canada raised shares of Vantiv from an outperform rating to a top pick rating in a research note on Thursday. SunTrust Banks increased their target price on shares of Vantiv from $69.00 to $77.00 and gave the company a hold rating in a research note on Thursday. KeyCorp reissued a buy rating and set a $85.00 target price (up from $80.00) on shares of Vantiv in a research note on Monday, December 4th. Finally, Cantor Fitzgerald restated a buy rating and set a $74.00 price target on shares of Vantiv in a report on Thursday, October 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Vantiv currently has a consensus rating of Buy and an average price target of $79.30.
Vantiv (NYSE VNTV) traded up $2.88 during midday trading on Thursday, reaching $77.20. 5,672,400 shares of the company’s stock traded hands, compared to its average volume of 3,972,367. Vantiv has a 1 year low of $59.10 and a 1 year high of $77.23. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 7.45. The company has a market cap of $13,540.00, a PE ratio of 53.61, a price-to-earnings-growth ratio of 1.47 and a beta of 0.58.
Vantiv (NYSE:VNTV) last posted its earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. Vantiv had a net margin of 6.07% and a return on equity of 41.19%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $551.77 million. During the same quarter in the prior year, the firm earned $0.71 EPS. Vantiv’s quarterly revenue was up 13.1% on a year-over-year basis. equities research analysts anticipate that Vantiv will post 3.16 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. Toronto Dominion Bank boosted its holdings in Vantiv by 12.3% in 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 lifted its holdings 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 worth $137,000 after acquiring an additional 1,740 shares during the period. Zions Bancorporation bought a new position in shares of Vantiv during the 3rd quarter worth about $155,000. Highbridge Capital Management LLC lifted its holdings 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 worth $201,000 after acquiring an additional 2,754 shares during the period. Finally, Profund Advisors LLC bought a new position in shares of Vantiv during the 2nd quarter worth about $204,000.
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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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