Credit Suisse Has Positive Earnings Outlook Update for Fidelity National Information Services (FIS)

By admin | 6 years ago

Analysts at Credit Suisse (NYSE: CS) raised their earnings per share (EPS) estimates on shares of Fidelity National Information Services (NYSE: FIS) in a research report issued to clients and investors on Friday. The firm currently has a “neutral” rating and a $36.00 price target on the company’s shares.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Fidelity National Information Services in a research note to investors on Tuesday, April 24th. They now have a $35.00 price target on the stock. Separately, analysts at Avondale Partners downgraded shares of Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, April 17th. Finally, analysts at Wells Fargo & Co. (NYSE: WFC) initiated coverage on shares of Fidelity National Information Services in a research note to investors on Wednesday, April 11st. They set a “market perform” rating on the stock.

Fidelity National Information Services traded down 0.68% on Friday, hitting $33.66. Fidelity National Information Services has a 52-week low of $22.53 and a 52-week high of $34.00. The company has a market cap of $9.745 billion and a price-to-earnings ratio of 22.14.

The company last announced its quarterly results on Thursday, April 26th. It reported $0.55 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.51 EPS by $0.04. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Analysts expect that Fidelity National Information Services will post $0.66 EPS next quarter.

Fidelity National Information Services, Inc. (FIS) is a global provider of banking and payments technologies.

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