Vantiv Inc (NYSE:VNTV) has been downgraded from Buy to Hold in a statement by Jefferies & Co earlier today.
- Updated: February 11, 2017
Jefferies & Co has downgraded Vantiv Inc (NYSE:VNTV) from Buy to Hold in a statement released on 2/09/2017.
Boasting a price of $63.96, Vantiv Inc (NYSE:VNTV) traded -0.77% lower on the day. With the last close up 9.79% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range. Vantiv Inc has recorded a 50-day average of $62.08 and a two hundred day average of $57.61. Volume of trade was down over the average, with 992,506 shares of VNTV changing hands under the typical 1,102,650
With a total market value of $0, Vantiv Inc has price-earnings ratio of 47.92 with a one year low of $47.92 and a one year high of $64.48 .
A total of 23 brokerages have issued a ratings update on the company. Six analysts rating the company a strong buy, eleven analysts rating the company a buy, 8 brokers rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average target price of $56.65.
About Vantiv Inc (NYSE:VNTV)
Vantiv, Inc. (Vantiv) is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company is a payment processor, merchant acquirer and personal identification number (PIN) debit acquirer. The Company operates through two segments: Merchant Services and Financial Institution Services. The Company offers payment processing services that enable its clients to meet their payment processing needs through a single provider, including in omni-channel environments that span point-of-sale, e-commerce and mobile devices. Its value-added services include security solutions and fraud management, information solutions, and interchange management. It also provide critical payment services to financial institutions, such as card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine (ATM) driving, and network gateway and switching services.
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