Vantiv, Inc. Class A (NYSE:VNTV).
Wedbush added VNTV to its research portfolio giving it an initial rating of “Neutral”. On July 29 the company was downgraded from “Buy” to “Equal-weight” and a price target of $60.00 was set in an announcement from CLSA.
On July 29 the stock rating was downgraded to “Equal-weight” from “Overweight” with a current price target of $60.00 in a report from Barclays. CLSA raised the price target and downgraded the stock on July 29 boosting the price target from $48.00 to $60.00 and changing the rating from “Buy” to “Equal-weight”.
Equity analyst Barclays both downgraded the stock and raised the price target on July 29 changing the price objective from $55.00 to $60.00 and altering the rating from “Overweight” to “Equal-weight”.
The company is trading up by 0.51 percent from yesterday’s close. Company chares are trading at $63.12 which is marginally higher than the 50 day moving average which is $62.84 and just above the 200 day moving average of $62.31. The 50 day moving average was up $0.28 or +0.45% whereas the 200 day moving average was up $0.81 or +1.30%.
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..
Vantiv, Inc. Class A’s P/E ratio is 51.28 and market cap is 10.15B. In the last earnings report the EPS was $1.23 and is expected to be $3.27 for the current year with 160,876,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.86 and the next full year EPS is anticipated to be $3.66.