Vantiv (VNTV) PT Raised to $77.00 at SunTrust Banks

Vantiv (NYSE:VNTV) had its target price boosted by equities researchers at SunTrust Banks from $69.00 to $77.00 in a report released on Thursday. The firm presently has a “hold” rating on the business services provider’s stock. SunTrust Banks’ target price indicates a potential downside of 0.63% from the company’s current price. SunTrust Banks also issued estimates for Vantiv’s FY2018 earnings at $3.40 EPS.

Other equities research analysts also recently issued reports about the stock. Buckingham Research raised shares of Vantiv from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a report on Friday, December 8th. KeyCorp reissued a “buy” rating and issued a $85.00 target price (up previously from $80.00) on shares of Vantiv in a report on Monday, December 4th. Cantor Fitzgerald reissued a “buy” rating and issued a $74.00 target price on shares of Vantiv in a report on Thursday, October 26th. Robert W. Baird reissued a “buy” rating and issued a $82.00 target price on shares of Vantiv in a report on Monday, November 13th. Finally, Citigroup reissued a “buy” rating and issued a $83.00 target price on shares of Vantiv in a report on Monday, September 25th. Eight equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Vantiv presently has an average rating of “Buy” and a consensus target price of $79.69.

Vantiv (NYSE:VNTV) opened at $77.49 on Thursday. Vantiv has a fifty-two week low of $59.10 and a fifty-two week high of $77.65. The company has a market cap of $13,780.00, a price-to-earnings ratio of 53.81, a price-to-earnings-growth ratio of 1.47 and a beta of 0.58. The company has a debt-to-equity ratio of 7.45, a current ratio of 0.72 and a quick ratio of 0.72.

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

Several hedge funds have recently made changes to their positions in the company. Associated Banc Corp grew its position in Vantiv by 1.2% in the 2nd quarter. Associated Banc Corp now owns 17,908 shares of the business services provider’s stock valued at $1,134,000 after purchasing an additional 215 shares during the period. Toronto Dominion Bank grew its position in Vantiv by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 217 shares during the period. Colony Group LLC grew its position in Vantiv by 0.6% in the 2nd quarter. Colony Group LLC now owns 41,164 shares of the business services provider’s stock valued at $2,607,000 after purchasing an additional 239 shares during the period. Pacer Advisors Inc. grew its position in Vantiv by 8.2% in the 2nd quarter. Pacer Advisors Inc. now owns 3,457 shares of the business services provider’s stock valued at $219,000 after purchasing an additional 261 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Vantiv by 1.5% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 49,051 shares of the business services provider’s stock valued at $3,457,000 after purchasing an additional 741 shares during the period.

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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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