Teradata Corporation (TDC) Upgraded at Summit Redstone

Summit Redstone upgraded shares of Teradata Corporation (NYSE:TDC) from a hold rating to a buy rating in a research note released on Monday morning.

Several other research analysts also recently weighed in on the stock. Sanford C. Bernstein reiterated an underperform rating and issued a $27.00 price target on shares of Teradata Corporation in a research report on Monday, September 11th. Needham & Company LLC started coverage on shares of Teradata Corporation in a research report on Monday, September 11th. They set a hold rating on the stock. Mizuho restated an underperform rating and set a $32.00 price objective (up from $26.00) on shares of Teradata Corporation in a research report on Wednesday, November 1st. Royal Bank Of Canada restated a hold rating and set a $30.00 price objective on shares of Teradata Corporation in a research report on Wednesday, October 18th. Finally, BMO Capital Markets raised their price objective on shares of Teradata Corporation from $30.00 to $32.00 and gave the company a market perform rating in a research report on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $31.50.

Teradata Corporation (NYSE TDC) opened at $35.85 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.61 and a quick ratio of 1.56. Teradata Corporation has a 52-week low of $26.27 and a 52-week high of $38.08. The firm has a market cap of $4,285.82, a P/E ratio of 31.63, a price-to-earnings-growth ratio of 7.33 and a beta of 1.23.

Teradata Corporation (NYSE:TDC) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.17. Teradata Corporation had a net margin of 3.01% and a return on equity of 16.47%. The business had revenue of $526.00 million for the quarter, compared to the consensus estimate of $511.23 million. During the same period last year, the firm earned $0.69 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. sell-side analysts predict that Teradata Corporation will post 0.91 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. ETF Managers Group LLC purchased a new position in Teradata Corporation during the second quarter valued at $130,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Teradata Corporation by 9.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,183 shares of the technology company’s stock worth $153,000 after buying an additional 469 shares in the last quarter. GW Henssler & Associates Ltd. purchased a new position in shares of Teradata Corporation in the 2nd quarter worth $202,000. PNC Financial Services Group Inc. grew its stake in shares of Teradata Corporation by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the technology company’s stock worth $213,000 after buying an additional 31 shares in the last quarter. Finally, Commerce Bank purchased a new position in shares of Teradata Corporation in the 3rd quarter worth $223,000.

Teradata Corporation Company Profile

Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.

Analyst Recommendations for Teradata Corporation (NYSE:TDC)

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