Raymond James Analysts Begin Coverage on Vantiv (VNTV)

By admin | 6 years ago

Equities researchers at Raymond James (NYSE: RJF) assumed coverage on shares of Vantiv (NASDAQ: VNTV) in a report issued on Tuesday. The firm set a “market perform” rating on the stock.

Vantiv traded down 2.15% on Tuesday, hitting $21.83. Vantiv has a 52-week low of $18.49 and a 52-week high of $22.74. The company has a market cap of $2.031 billion and a price-to-earnings ratio of 65.62.

Vantiv last posted its quarterly earnings results on Thursday, April 26th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.06. Vantiv’s revenue was up 16.5% compared to the same quarter last year. Analysts expect that Vantiv will post $0.30 EPS next quarter.

A number of other analysts have also recently weighed in on VNTV. Analysts at Morgan Stanley (NYSE: MS) initiated coverage on shares of Vantiv in a research note to investors on Tuesday, May 1st. They set an “equal weight” rating and a $24.00 price target on the stock. Separately, analysts at William Blair initiated coverage on shares of Vantiv in a research note to investors on Tuesday, May 1st. They set a “market perform” rating on the stock. Finally, analysts at Goldman Sachs (NYSE: GS) initiated coverage on shares of Vantiv in a research note to investors on Tuesday, May 1st. They set a “neutral” rating and a $23.00 price target on the stock.

Vantiv, Inc., formerly Advent-Kong Blocker Corp., is a holding company that conducts its operations through its majority-owned subsidiaries, Vantiv Holding, LLC (Vantiv Holding) and Transactive Ecommerce Solutions Inc.

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