Teradata (NYSE:TDC) Price Target Lowered to $29.00 at Royal Bank of Canada

Teradata (NYSE:TDC) had its price objective reduced by equities research analysts at Royal Bank of Canada from $32.00 to $29.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “sector perform” rating on the technology company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 17.26% from the company’s current price.

Several other research firms also recently weighed in on TDC. Guggenheim reduced their target price on Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday. Barclays cut their target price on Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research note on Wednesday. Northland Securities lowered their target price on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. UBS Group lifted their target price on shares of Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Finally, Evercore ISI dropped their price objective on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Teradata currently has an average rating of “Hold” and a consensus target price of $36.73.

Teradata Trading Down 19.9 %

Shares of NYSE TDC traded down $6.16 during mid-day trading on Wednesday, reaching $24.73. 1,703,294 shares of the company’s stock were exchanged, compared to its average volume of 817,527. The company’s 50-day moving average is $31.67 and its 200-day moving average is $30.35. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 3.19 and a beta of 0.78. Teradata has a 52-week low of $22.73 and a 52-week high of $39.70. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.79 and a current ratio of 0.80.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a net margin of 4.56% and a return on equity of 145.40%. Analysts expect that Teradata will post 1.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new position in Teradata in the 3rd quarter worth about $27,000. GAMMA Investing LLC grew its stake in Teradata by 88.0% during the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after acquiring an additional 447 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Teradata in the 3rd quarter valued at about $32,000. Independence Bank of Kentucky purchased a new stake in shares of Teradata in the fourth quarter worth approximately $37,000. Finally, Allworth Financial LP boosted its holdings in shares of Teradata by 75.2% during the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock worth $40,000 after purchasing an additional 569 shares during the period. Institutional investors own 90.31% of the company’s stock.

Teradata Company Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.