Vantiv (VNTV) has been under a strong bear grip, hence the stock is down -8.81% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.21% in the past 1 week. The stock has risen by 0.64% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.54% in the past 4 weeks.
Vantiv (NYSE:VNTV): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.92 and $54.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.12, notching a gain of 0.58% for the day. The total traded volume was 1,352,629 . The stock had closed at $54.80 on the previous day.
The stock has recorded a 20-day Moving Average of 4.6% and the 50-Day Moving Average is 0.59%. Vantiv, Inc. is up 0.09% in the last 3-month period. Year-to-Date the stock performance stands at 16.24%.
Vantiv (VNTV) has been rated by 18 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $67 and the lowest price target forecast is $52. The average forecast of all the analysts is $60.17 and the expected standard deviation is $4.33.
Vantiv, Inc. (Vantiv) is a holding company that conducts its operations through its majority-owned subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company operates in two segments: Merchant Services and Financial Institution Services. The Merchant Services segment provides merchant acquiring and payment processing services to national merchants, regional and small-to-mid sized businesses. Merchant Services includes aspects of card processing, including authorization and settlement, customer service, chargeback and retrieval processing and interchange management. The Financial Institution Service segment provides card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine (ATM) driving and network gateway and switching services. It also offers processing for accounts, such as business cards, home equity lines of credit and health savings accounts.