Mizuho issues “Buy” Rating on First Data Corp (FDC)

First Data Corp (FDC) was Reiterated by Mizuho to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 18 from a previous price target of $17 . Mizuho advised their Clients and Investors in a research report released on Feb 14, 2017.

On the company’s financial health, First Data Corp reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 13, 2017. Analyst had a consensus of $0.36. The company had revenue of $2943.00 million for the quarter, compared to analysts expectations of $3005.81 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.

Several company insiders have filed Insider transactions , on Sep 15, 2016, James E Nevels (director) purchased 100 shares at $13.88 per share price. According to the SEC, on May 31, 2016, Joseph J Plumeri (director) purchased 250,000 shares at $12.44 per share price. On May 19, 2016, Scott C Nuttall (director) purchased 100,000 shares at $10.61 per share price, according to the Form-4 filing with the securities and exchange commission.

First Data Corp opened for trading at $15.55 and hit $15.825 on the upside on Friday, eventually ending the session at $15.82, with a gain of 1.87% or 0.29 points. The heightened volatility saw the trading volume jump to 48,20,309 shares. Company has a market cap of $14,412 M.

First Data Corporation is a United States-based company which provides electronic commerce and payment solutions for merchants financial institutions and card issuers. The Company provides services including merchant transaction processing and acquiring; credit retail and debit card issuing and processing; prepaid services and check verification settlement and guarantee services. It operates through three segments: Merchant Solutions which includes merchant acquiring and processing services prepaid services and check verification settlement and guarantee services; Financial Services which consists of credit and retail card processing services; debit network and processing services; output services and other services including remittance processing and International which consists of credit retail debit and prepaid card processing; merchant acquiring and processing and automated teller machine and point of sale (POS) processing acquiring and switching services.

First Data Corp

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