Vantiv, Inc. Class A Common Sto (NYSE:VNTV):
Vantiv Unveils Two New Products at Money20/20: triPOS Mobile and triPOS Cloud.
The company is so far trading down since yesterday’s close of $59.14.
Shares of the company are trading at $59.07 just above $55.96, the 50 day moving average and which is just a bit higher than the 200 day moving average of $55.14. The 50 day moving average was up $3.11 and the 200 day average went up by +7.13%.
Vantiv, Inc. Class A Common Sto’s P/E ratio is 43.79 and the market cap of the company is 9.20B. As of the latest earnings report the EPS was $1.35 and is estimated to be $2.69 for the current year with 155,740,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.65 with next year’s EPS projected to be $3.06.
Wall Street investment firms have released ratings on the company of late. Equity analyst Wedbush initiated coverage on the stock with a rating of “Neutral”. Equity analyst Barclays both downgraded the stock and raised the price target on July 29 changing the price target from $55.00 to $60.00 and moving the rating from “Overweight” to “Equal-weight”.
On July 29 the company was downgraded from “Buy” to “Equal-weight” with a current price target of $60.00 in an announcement from CLSA. On July 29 the stock rating was downgraded to “Equal-weight” from “Overweight” and a price target of $60.00 was set by analysts at Barclays.
CLSA downgraded the stock and raised the price target on July 29 boosting the price target from $48.00 to $60.00 and cutting the rating from “Buy” to “Equal-weight”. On April 19, 2016 William Blair released its first research report on the stock giving it an initial rating of “Outperform”.