First Data Corp (NYSE:FDC): What Credit Suisse Is Saying About Their Stock

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How Credit Suisse Currently Rates First Data Corp (NYSE:FDC)

Analysts at Credit Suisse initiated coverage for shares of First Data Corp (NYSE:FDC) in a recent research report revealed to clients and investors on Friday morning. The firm set a Neutral rating on the $14.63B market cap firm.

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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