Why Has Bernstein Given First Data Corp (NYSE:FDC) a $17.00 Price Target
Expert analysts at Bernstein placed a key “Market-Perform” rating for First Data Corp (NYSE:FDC). The firm began issuing coverage in analysts note issued to clients on 10 December. The target price per share would suggest upside of 1.49% from the last stock close.
From a total of 13 analysts covering First Data Corp (NYSE:FDC) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $22 while the lowest target price is $18. The mean of all analyst targets is $20.19 with a 20.42% above today’s ($16.65) stock price. First Data Corp was the topic of 16 analyst reports since October 20, 2015 according to the firm StockzIntelligence Inc. BTIG Research initiated shares on November 17 with “Neutral” rating. Deutsche Bank initiated shares with “Buy” rating and $20 target share price in a report from a November 9. Robert W. Baird initiated FDC stock in a recent report from November 13 with “Neutral” rating. Barclays Capital initiated the rating on November 9. Barclays Capital has a “Overweight” rating and a $20 price target on shares. Finally, SunTrust initiated the stock with “Buy” rating in a report issued on a November 9.
Approximately 638,276 shares of stock traded hands. First Data Corp (NYSE:FDC) has risen 6.00% since November 10, 2015 and is uptrending. It has outperformed by 7.93% the S&P500.
First Data Corporation is a United States company, which provides electronic commerce and payment solutions for merchants, financial institutions and card issuers. The company has a market cap of $14.94 billion. The Firm provides services, including merchant transaction processing and acquiring; credit, retail, and debit card issuing and processing; prepaid services, and check verification, settlement and guarantee services. It currently has negative earnings.