Vantiv, Inc. (VNTV) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Vantiv, Inc. (NYSE:VNTV) from a hold rating to a sell rating in a research note released on Wednesday.

According to Zacks, “Vantiv, Inc. is an integrated payment processor engaged in providing advanced technology solutions for businesses and financial institutions. The Company operates in two segments: Merchant Services and Financial Institution Services. Vantiv offers acquiring and processing transactions, value-added services, merchant services and reporting for electronic payment transactions. It also provides card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine driving, network gateway and switching services. Vantiv, Inc. is headquartered in Cincinnati, Ohio. “

A number of other brokerages also recently issued reports on VNTV. Nomura increased their price objective on shares of Vantiv from $75.00 to $85.00 and gave the stock a buy rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods set a $82.00 price objective on shares of Vantiv and gave the stock a buy rating in a research note on Sunday, August 13th. Stifel Nicolaus reduced their price objective on shares of Vantiv from $66.00 to $64.00 and set a hold rating on the stock in a research note on Thursday, July 6th. BidaskClub downgraded shares of Vantiv from a buy rating to a hold rating in a research note on Thursday, September 7th. Finally, Guggenheim upgraded shares of Vantiv from a neutral rating to a buy rating and increased their price objective for the stock from $66.00 to $73.00 in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $75.68.

Vantiv (NYSE VNTV) opened at 69.35 on Wednesday. Vantiv has a one year low of $54.38 and a one year high of $73.14. The company has a market capitalization of $11.18 billion, a P/E ratio of 58.62 and a beta of 0.61. The company’s 50-day moving average is $71.00 and its 200 day moving average is $65.99.

Vantiv (NYSE:VNTV) last announced its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $530.00 million for the quarter, compared to the consensus estimate of $525.12 million. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 earnings per share. Analysts predict that Vantiv will post $3.35 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Vantiv, Inc. (VNTV) Cut to Sell at Zacks Investment Research” was first reported by BBNS and is owned by of BBNS. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://baseballnewssource.com/markets/vantiv-inc-vntv-cut-to-sell-at-zacks-investment-research/1722804.html.

A number of hedge funds and other institutional investors have recently modified their holdings of VNTV. Toronto Dominion Bank raised its holdings in Vantiv by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock valued at $125,000 after buying an additional 217 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Vantiv by 404.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock valued at $137,000 after buying an additional 1,740 shares during the last quarter. Beacon Investment Advisory Services Inc. bought a new position in Vantiv in the 2nd quarter valued at approximately $204,000. Great Lakes Advisors LLC raised its holdings in Vantiv by 1.5% in the 2nd quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after buying an additional 47 shares during the last quarter. Finally, Profund Advisors LLC bought a new position in Vantiv in the 2nd quarter valued at approximately $204,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Vantiv Company Profile

Vantiv, Inc is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’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.

Get a free copy of the Zacks research report on Vantiv (VNTV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Vantiv (NYSE:VNTV)

Receive News & Ratings for Vantiv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vantiv Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation


Leave a Reply

 
© 2006-2017 BBNS.