First Data Corp Gets a Buy Rating from Cowen & Co.

By Austin Angelo

Cowen & Co. analyst Georgios Mihalos reiterated a Buy rating on First Data Corp (NYSE: FDC) yesterday and set a price target of $20. The company’s shares closed yesterday at $17.83.

According to TipRanks.com, Mihalos is a 5-star analyst with an average return of 17.2% and a 84.7% success rate. Mihalos covers the Technology sector, focusing on stocks such as Broadridge Financial Solutions Llc, Automatic Data Processing, and Fidelity National Info.

Currently, the analyst consensus on First Data Corp is Strong Buy and the average price target is $20.92, representing a 17.3% upside.

In a report issued on October 3, KBW also reiterated a Buy rating on the stock with a $21 price target.

The company has a one-year high of $19.20 and a one-year low of $13.01. Currently, First Data Corp has an average volume of 5.19M.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is neutral on the stock.

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First Data Corp. provides commerce-enabling technology and solutions. It provides secure and innovative payment technology and services. The company operates through three business segments: Global Business Solutions, Global Financial Solutions and Network & Security Solutions.