Vantiv, Inc. Class A Common Sto (NYSE:VNTV):
Vantiv to Announce Third Quarter 2016 Financial Results on October 26.
The company is trading down by -0.12 percent from yesterday’s close.
Shares are trading at $59.07 barely above $55.96, the 50 day moving average and a tad higher than the 200 day moving average of $55.14. The 50 day moving average went up $3.11 or +5.56% whereas the 200 day moving average was up $3.93 or +7.13%.
Vantiv, Inc. Class A Common Sto’s P/E ratio is 43.79 and market cap is 9.20B. In the last earnings report the EPS was $1.35 and is estimated to be $2.69 for the current year with 155,740,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.65 and the next full year EPS is anticipated to be $3.06.
Wall Street analysts have provided guidance on the stock. Equity analyst Wedbush initiated coverage on VNTV with a 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 a report 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 statement from Barclays. Equity analyst CLSA downgraded the stock and raised the price target on July 29 changing the price target from $48.00 to $60.00 and cutting the rating from “Buy” to “Equal-weight”.
Barclays both downgraded the stock and raised the price target on July 29 boosting the price target from $55.00 to $60.00 and moving the rating from “Overweight” to “Equal-weight”. On April 19 analysts at William Blair started covering the stock setting a rating of “Outperform”.