Teradata (TDC) Upgraded by TheStreet to “B-“

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TheStreet upgraded shares of Teradata (NYSE:TDC) from a c+ rating to a b- rating in a research note issued to investors on Friday.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets reaffirmed a market perform rating and set a $45.00 target price (up previously from $40.00) on shares of Teradata in a research report on Friday. Cowen boosted their target price on shares of Teradata from $51.00 to $55.00 and gave the stock an outperform rating in a research report on Monday. Zacks Investment Research raised shares of Teradata from a hold rating to a buy rating and set a $45.00 target price on the stock in a research report on Monday, January 14th. Finally, Morgan Stanley raised shares of Teradata from an equal weight rating to an overweight rating and boosted their price target for the company from $42.00 to $55.00 in a report on Tuesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Teradata presently has an average rating of Hold and an average price target of $47.44.

Shares of TDC stock opened at $46.28 on Friday. Teradata has a 1 year low of $34.06 and a 1 year high of $47.22. The firm has a market cap of $5.47 billion, a P/E ratio of 52.59, a P/E/G ratio of 1.53 and a beta of 1.01. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.39 and a current ratio of 1.42.

Teradata (NYSE:TDC) last announced its earnings results on Thursday, February 7th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.05. Teradata had a net margin of 1.39% and a return on equity of 18.18%. The business had revenue of $588.00 million for the quarter, compared to analyst estimates of $565.94 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Teradata’s revenue was down 6.1% compared to the same quarter last year. Analysts predict that Teradata will post 1.21 EPS for the current year.

A number of institutional investors have recently made changes to their positions in TDC. Bank of Montreal Can increased its holdings in Teradata by 26.8% in the 3rd quarter. Bank of Montreal Can now owns 78,832 shares of the technology company’s stock valued at $2,972,000 after buying an additional 16,658 shares during the period. Sumitomo Mitsui Asset Management Company LTD bought a new stake in Teradata in the 3rd quarter valued at $250,000. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in shares of Teradata in the 3rd quarter valued at $4,198,000. Seven Eight Capital LP acquired a new stake in shares of Teradata in the 3rd quarter valued at $249,000. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of Teradata by 9.2% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 19,004 shares of the technology company’s stock valued at $717,000 after purchasing an additional 1,600 shares in the last quarter. 97.78% of the stock is currently owned by hedge funds and other institutional investors.

Teradata Company Profile

Teradata Corporation provides analytic data solutions and related services worldwide. The company operates through Americas Data and Analytics, and International Data and Analytics segments. Its analytic data solutions comprise software, hardware, and related business consulting and support services.

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Analyst Recommendations for Teradata (NYSE:TDC)

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