Will Investors Now Buy First Data (NYSE:FDC) Stock Following Today’s, Baird Upgrades?

February 15, 2018 - By Peter Erickson

  Will Investors Now Buy First Data (NYSE:FDC) Stock Following Today’s, Baird Upgrades?

First Data (NYSE:FDC) Stock Upgrade

The rating for shares of First Data (NYSE:FDC) were upgraded by professional analysts at Baird from a Neutral rating to a Outperform rating in a research note shared with investors on 14 February.

First Data Corporation (NYSE:FDC) Ratings Coverage

Among 36 analysts covering First Data Corp (NYSE:FDC), 29 have Buy rating, 0 Sell and 7 Hold. Therefore 81% are positive. First Data Corp has $24 highest and $12 lowest target. $19.48’s average target is 23.33% above currents $15.795 stock price. First Data Corp had 73 analyst reports since October 20, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, September 9 by Wedbush. The rating was initiated by Cantor Fitzgerald with “Neutral” on Friday, January 27. The firm has “Buy” rating given on Thursday, June 1 by BTIG Research. The firm has “Buy” rating by Cowen & Co given on Wednesday, October 11. The firm has “Buy” rating given on Monday, August 7 by Piper Jaffray. The company was maintained on Wednesday, November 1 by Nomura. The firm earned “Buy” rating on Monday, December 12 by Northcoast. Mizuho initiated it with “Buy” rating and $20 target in Monday, November 9 report. Morgan Stanley initiated it with “Overweight” rating and $22 target in Monday, November 9 report. The company was maintained on Thursday, April 13 by Atlantic Securities.

The stock decreased 0.28% or $0.045 during the last trading session, reaching $15.795. About 5.59M shares traded. First Data Corporation (NYSE:FDC) has risen 49.22% since February 15, 2017 and is uptrending. It has outperformed by 32.52% the S&P500.

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. The company has market cap of $14.59 billion. It operates through three divisions: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions. It has a 20.81 P/E ratio. The Global Business Solutions segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services and Webstore-in-a-box solutions, as well as its cloud Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.

More notable recent First Data Corporation (NYSE:FDC) news were published by: Seekingalpha.com which released: “First Data’s (FDC) CEO Frank Bisignano on Q4 2017 Results – Earnings Call …” on February 12, 2018, also Nasdaq.com with their article: “First Data (FDC) Q4 Earnings Meet Estimates, Revenues Up Y/Y” published on February 14, 2018, Businesswire.com published: “First Data Reports Fourth Quarter and Full Year 2017 Financial Results” on February 12, 2018. More interesting news about First Data Corporation (NYSE:FDC) were released by: Investorplace.com and their article: “It Could Be Time to Swipe Right First Data Corp Stock” published on February 13, 2018 as well as Seekingalpha.com‘s news article titled: “A Turnaround Play On Global Payment Processing” with publication date: January 18, 2018.

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