Oppenheimer Says Its Time To Outperform First Data Corp (NYSE:FDC). Will Stock Hit Their Target of $20.00?

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Why Has Oppenheimer Given First Data Corp (NYSE:FDC) a $20.00 Price Target

Oppenheimer has just issued a Outperform rating for First Data Corp (NYSE:FDC) shares. The firm began issuing coverage on shares of FDC in an interesting research report sent to clients and investors on Friday, 11 December. This Estimated Target Price provides upside of 19.33% from the closing share price of First Data Corp (NYSE:FDC).

From a total of 14 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 $17. The mean of all analyst targets is $19.96 with a 21.74% above today’s ($16.24) stock price. First Data Corp was the topic of 17 analyst reports since October 20, 2015 according to the firm StockzIntelligence Inc. Bernstein initiated shares on December 10 with “Market-Perform” rating. Deutsche Bank initiated shares with “Buy” rating and $20 target share price in a report from a November 9. Topeka Capital Markets initiated FDC stock in a recent report from November 13 with “Hold” rating. Barclays Capital initiated the rating on November 9. Barclays Capital has a “Overweight” rating and a $20 price target on shares. Finally, Suntrust Robinson initiated the stock with “Buy” rating in a report issued on a November 9.

Approximately 1.60M shares of stock traded hands. First Data Corp (NYSE:FDC) has risen 6.00% since November 11, 2015 and is uptrending. It has outperformed by 9.02% 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 $14.63 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.

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