Vantiv (VNTV) Earns Hold Rating from Mizuho

Vantiv (NYSE:VNTV)‘s stock had its “hold” rating restated by equities research analysts at Mizuho in a research report issued on Thursday. They currently have a $80.00 price objective on the business services provider’s stock. Mizuho’s target price points to a potential upside of 3.63% from the stock’s current price.

VNTV has been the topic of several other reports. BidaskClub downgraded Vantiv from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Zacks Investment Research downgraded Vantiv from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Royal Bank of Canada restated a “buy” rating and issued a $78.00 price objective on shares of Vantiv in a research report on Friday, October 13th. Berenberg Bank began coverage on Vantiv in a report on Thursday, November 16th. They issued a “buy” rating and a $85.00 target price on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $88.00 target price on shares of Vantiv in a report on Friday, December 22nd. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Vantiv currently has an average rating of “Buy” and a consensus target price of $79.30.

Vantiv (NYSE VNTV) traded up $2.88 during midday trading on Thursday, reaching $77.20. The company had a trading volume of 5,660,160 shares, compared to its average volume of 2,710,000. The stock has a market capitalization of $13,730.00, a P/E ratio of 53.61, a PEG ratio of 1.46 and a beta of 0.58. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.45. Vantiv has a 12 month low of $59.10 and a 12 month high of $77.23.

Vantiv (NYSE:VNTV) last released its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.01. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $551.77 million. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. Vantiv’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. sell-side analysts anticipate that Vantiv will post 3.16 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Beacon Investment Advisory Services Inc. grew its stake in shares of Vantiv by 4,007.5% during the third quarter. Beacon Investment Advisory Services Inc. now owns 132,385 shares of the business services provider’s stock valued at $9,329,000 after buying an additional 129,162 shares during the last quarter. Strs Ohio grew its stake in shares of Vantiv by 46.6% during the third quarter. Strs Ohio now owns 1,212,560 shares of the business services provider’s stock valued at $85,449,000 after buying an additional 385,704 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Vantiv during the third quarter valued at approximately $326,000. Renaissance Technologies LLC bought a new position in shares of Vantiv during the second quarter valued at approximately $51,274,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Vantiv by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 9,823,200 shares of the business services provider’s stock valued at $697,053,000 after buying an additional 1,988,656 shares during the last quarter.

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About Vantiv

Vantiv, Inc is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.

Analyst Recommendations for Vantiv (NYSE:VNTV)

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