Stifel Nicolaus Believes First Data Corp (NYSE: FDC) Still Has Room to Grow

By Carrie Williams

Stifel Nicolaus analyst Chris Brendler resumed coverage with a Buy rating on First Data Corp (NYSE: FDC) today and set a price target of $20. The company’s shares closed yesterday at $17.13, equals to its 52-week high of $17.13.

According to, Brendler is ranked #1062 out of 4567 analysts.

Currently, the analyst consensus on First Data Corp is Moderate Buy and the average price target is $18.29, representing a 6.8% upside.

In a report issued on May 30, Oppenheimer also reiterated a Buy rating on the stock with a $19 price target.

Based on First Data Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.8 billion and quarterly net profit of $36 million. In comparison, last year the company earned revenue of $2.78 billion and had a GAAP net loss of $56 million.

Based on the recent corporate insider activity of 51 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. The Global Business Solutions segment provides retail point-of-sale merchant acquiring and eCommerce services. This segment also provides next generation offerings, such as mobile payment services, web store-in-a-box solutions and cloud-based clover point-of-sale operating system. The Global Financial Solutions segment provides credit solutions for bank and non-bank issuers, such as credit and retail private-label card processing; and licensed financial software systems, such as VisionPLUS bank processing application and lending solutions. This segment also offers related services, including card personalization and embossing, statement printing, client service and remittance processing. The Network & Security Solutions segment provides EFT network solutions, such as STAR Network and debit card processing solutions. It also offers stored value network solutions, including money network, ValueLink, Gyft, and transaction wireless; and security and fraud solutions, such as TransArmor and TeleCheck. The company’s other services include mobile payments, eCommerce and prepaid solutions, as well as payment processing, fraud protection and authentication solutions, online banking, check guarantee and verification services and point-of-sale services to its customers. First Data was founded in 1971 and is headquartered in Atlanta, GA.