The shares of First Data Corporation (NYSE:FDC) has been pegged with a rating of Market Perform by Wells Fargo in its latest research note that was published on February 13th, 2019. Wells Fargo wasn’t the only research firm that published a report of First Data Corporation, with other equities research analysts also giving their opinion on the stock. SunTrust advised investors in its research note published on January 29th, 2019, to Hold the FDC stock. The stock had earned Overweight rating from Atlantic Equities when it published its report on August 17th, 2018. The stock was given Outperform rating by Raymond James in its report released on June 15th, 2018, the day when the price target on the stock was placed at $23. Goldman was of a view that FDC is Buy in its latest report on June 11th, 2018. Bernstein thinks that FDC is worth Outperform rating. This was contained in the firm’s report on March 28th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 18 believe it has the potential for further growth, thus rating it as Hold while 8 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $27.16. The price of the stock the last time has raised by 73.32% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 61.28.
The shares of the company added by 1.01% during the trading session on Monday, reaching a low of $26.58 while ending the day at $26.90. During the trading session, a total of 4 million shares were traded which represents a 53.06% incline from the average session volume which is 8.52M shares. FDC had ended its last session trading at 26.63. First Data Corporation currently has a market cap of $25.31B, while its P/E ratio stands at 24.08, while its P/E earnings growth sits at 2.66, with a beta of 2.00. First Data Corporation debt-to-equity ratio currently stands at 3.99, while its quick ratio hovers at 1.00. FDC 52-week low price stands at $15.52 while its 52-week high price is $27.15.
The company in its last quarterly report recorded $0.31 earnings per share which is below the $0.31 predicted by most analysts. The First Data Corporation generated $2,117.00 million in revenue during the last quarter, which is slightly higher than the $2,093.64 million predicted by analysts. In the second quarter last year, the firm recorded $0.38 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -22.58%. First Data Corporation has the potential to record 1.12 EPS for the current fiscal year, according to equities analysts.
Investment analysts at FIG Partners published a research note on April 22nd, 2019 where it informed investors and clients that People’s United Financial, Inc. (NASDAQ:PBCT) is now rated as Market Perform. SunTrust also rated PBCT as Downgrade on January 29th, 2019, with its price target of $140 suggesting that PBCT could surge by 9.52% from its current share price. Even though the stock has been trading at $15.98/share, analysts expect it to surge higher by 0.50% to reach $17.75/share. It started the day trading at $16.23 and traded between $15.98 and $16.06 throughout the trading session.
A look at its technical shows that PBCT’s 50-day SMA is 16.66 while its 200-day SMA stands at 16.60. The stock has a high of $19.37 for the year while the low is $13.66. The company’s P/E ratio currently sits at 12.77, while the P/B ratio is 0.93. At the moment, only of People’s United Financial, Inc. shares were sold short. The company’s average trading volume currently stands at 3.12M shares, which means that the short-interest ratio is just 7.32 days. Over the past seven days, the company moved, with its shift of 2.88%. Looking further, the stock has dropped -7.59% over the past 90 days while it lost -1.35% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more PBCT shares, increasing its portfolio by +6.21% during the last quarter. This move now sees The Vanguard Group Inc purchasing 2,617,896 shares in the last quarter, thus it now holds 44,807,117 shares of PBCT, with a total valuation of $774,715,053. SSgA Funds Management Inc meanwhile sold more PBCT shares in the recently filed quarter, changing its stake to $748,826,494 worth of shares. BlackRock Fund Advisors followed the path by decreasing its PBCT portfolio by -0.55% in the quarter. This means that BlackRock Fund Advisors sold -157,323 shares in the last quarter and now controls 28,375,973 shares of the PBCT stock, with the valuation hitting $490,620,573.
Similarly, Invesco Capital Management LLC increased its People’s United Financial, Inc. shares by +6.71% during the recently filed quarter. After buying 854,110 shares in the last quarter, the firm now controls 13,581,804 shares of People’s United Financial, Inc. which are valued at $234,829,391. In the same vein, Mellon Investments Corp increased its People’s United Financial, Inc. shares by during the most recent reported quarter. The firm bought 210,918 shares during the quarter which increased its stakes to 10,525,018 shares and is now valued at $181,977,561. Following these latest developments, around 0.60% of People’s United Financial, Inc. stocks are owned by institutional investors and hedge funds.