Should Investors Be Buying First Data (NYSE:FDC) Stock Following Today’s Baird Upgrade?

February 15, 2018 - By Darrin Black

  Should Investors Be Buying First Data (NYSE:FDC) Stock Following Today’s Baird Upgrade?

First Data (NYSE:FDC) Stock Upgrade

The previous rating of a Neutral for First Data (NYSE:FDC) has been discontinued as Baird upgraded FDC’s current rating to a respectable Outperform.

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 stock of First Data Corporation (NYSE:FDC) has “Outperform” rating given on Tuesday, June 7 by Keefe Bruyette & Woods. Cowen & Co initiated the stock with “Outperform” rating in Monday, November 9 report. The rating was maintained by Piper Jaffray on Monday, July 24 with “Buy”. The rating was maintained by Oppenheimer with “Buy” on Tuesday, May 30. The rating was maintained by Oppenheimer with “Outperform” on Thursday, February 11. The stock of First Data Corporation (NYSE:FDC) earned “Buy” rating by Stifel Nicolaus on Thursday, October 19. SunTrust maintained it with “Buy” rating and $24.0 target in Wednesday, October 18 report. The firm has “Buy” rating by Wood given on Wednesday, April 5. As per Wednesday, October 21, the company rating was initiated by Tigress Financial. The firm has “Buy” rating given on Thursday, October 26 by KeyBanc Capital Markets.

The stock decreased 0.28% or $0.045 during the last trading session, reaching $15.795. About 5.59 million 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: Investorplace.com which released: “It Could Be Time to Swipe Right First Data Corp Stock” on February 13, 2018, also Nasdaq.com with their article: “First Data (FDC) Q4 Earnings Meet Estimates, Revenues Up Y/Y” published on February 14, 2018, Livetradingnews.com published: “First Data Corporation (NYSE:FDC) Advances 4.32% Pre-Market” on February 12, 2018. More interesting news about First Data Corporation (NYSE:FDC) were released by: Investorplace.com and their article: “Rating on First Data (FDC) Stock Reduced to Sell at recent price of $16.32” published on February 13, 2018 as well as Businesswire.com‘s news article titled: “First Data Reports Fourth Quarter and Full Year 2017 Financial Results” with publication date: February 12, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.