First Data Corp. (NYSE:FDC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage currently has a $17.00 price objective on the stock. Zacks Investment Research’s target price points to a potential upside of 16.68% from the company’s previous close.

According to Zacks, “First Data Corporation is a commerce-enabling technology and solutions company. It provides merchant transaction processing and acquiring; credit, retail and debit card issuing and processing; prepaid services and check verification, settlement and guarantee services. First Data Corporation is headquartered in Atlanta, Georgia. “

A number of other equities analysts have also recently weighed in on FDC. Wedbush reissued a “buy” rating on shares of First Data Corp. in a research report on Tuesday, August 2nd. Nomura restated a “hold” rating and issued a $14.00 target price on shares of First Data Corp. in a research note on Wednesday, August 3rd. Deutsche Bank AG restated a “buy” rating on shares of First Data Corp. in a research note on Monday, November 14th. Mizuho upped their target price on shares of First Data Corp. from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, November 8th. Finally, Barclays PLC restated a “buy” rating and issued a $17.00 target price on shares of First Data Corp. in a research note on Tuesday, November 8th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. First Data Corp. currently has a consensus rating of “Buy” and an average price target of $15.94.

Analyst Recommendations for First Data Corp. (NYSE:FDC)

Shares of First Data Corp. (NYSE:FDC) opened at 14.57 on Tuesday. First Data Corp. has a one year low of $8.37 and a one year high of $17.45. The stock’s market cap is $13.27 billion. The firm has a 50-day moving average price of $14.22 and a 200-day moving average price of $12.99.

First Data Corp. (NYSE:FDC) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. The firm earned $2 billion during the quarter, compared to analysts’ expectations of $1.83 billion. First Data Corp.’s quarterly revenue was up .5% on a year-over-year basis. Analysts anticipate that First Data Corp. will post $1.30 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in First Data Corp. by 4.0% in the first quarter. Geode Capital Management LLC now owns 1,081,241 shares of the company’s stock valued at $13,990,000 after buying an additional 41,953 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in First Data Corp. during the first quarter valued at about $289,000. A.R.T. Advisors LLC bought a new position in First Data Corp. during the first quarter valued at about $538,000. BNP Paribas Arbitrage SA boosted its position in First Data Corp. by 13.9% in the second quarter. BNP Paribas Arbitrage SA now owns 27,430 shares of the company’s stock valued at $304,000 after buying an additional 3,342 shares during the period. Finally, IBM Retirement Fund boosted its position in First Data Corp. by 72.9% in the second quarter. IBM Retirement Fund now owns 31,609 shares of the company’s stock valued at $350,000 after buying an additional 13,325 shares during the period. Institutional investors own 37.21% of the company’s stock.

First Data Corp. Company Profile

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