Vantiv, Inc. Class A (NYSE:VNTV).
On June 28, 2017 Mizuho initiated coverage giving it an initial rating of “Neutral”. On June 22 the company was upgraded to “Outperform” from “Market Perform” in an announcement from Keefe Bruyette & Woods.
On June 12 the company was downgraded from “Overweight” to “Sector Weight” in a statement from Pacific Crest. On September 9 analysts at Wedbush started covering VNTV with a rating of “Neutral”.
On July 29 the stock rating was downgraded from “Overweight” to “Equal-weight” and a price target of $60.00 was set in a report issued by Barclays.
The company is so far trading up since yesterday’s close of $62.49. Shares of the company are trading at $63.00 just above $62.17, the 50 day moving average and barely above the 200 day moving average of $62.75. The 50 day moving average moved up $0.83 whereas the 200 day average was up by +0.40%.
Vantiv, Inc., launched on March 25, 2009, is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Business’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. The Company enables merchants to accept and process credit, debit and prepaid payments, and provide them supporting value-added services, such as security solutions and fraud management, information solutions and interchange management. The Company also provides payment services to financial institutions, such as card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine (ATM) driving and network gateway, and switching services that utilize the Business’s Jeanie personal identification number (PIN) debit payment network..
The most current P/E ratio is 51.18 and the market cap of the company is 10.14B. In the last earnings report the EPS was $1.23 and is estimated to be $3.27 for the current year with 160,876,000 shares outstanding. Next quarter’s EPS is expected be $0.86 with next year’s EPS projected to be $3.67.