Robert W. Baird Believes Vantiv Inc (NYSE: VNTV) Still Has Room to Grow

By Jason Carr

Robert W. Baird analyst David Koning reiterated a Buy rating on Vantiv Inc (NYSE: VNTV) on October 10 and set a price target of $82. The company’s shares opened today at $70.64, close to its 52-week high of $73.14.

According to TipRanks.com, Koning is a top 100 analyst with an average return of 16.5% and a 85.9% success rate. Koning covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Sykes Enterprises Inc.

Currently, the analyst consensus on Vantiv Inc is Moderate Buy and the average price target is $77.22, representing a 9.3% upside.

In a report issued on September 25, Citigroup also maintained a Buy rating on the stock with a $83 price target.

Based on Vantiv Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $999 million and quarterly net profit of $68.78 million. In comparison, last year the company earned revenue of $914 million and had a net profit of $66.3 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Vantiv, Inc. is a payment processor company. The company offers a suite of payment processing services that enables its clients to meet their payment processing needs through a single provider, including in omni-channel environments that span point of sale, ecommerce and mobile devices.