Vantiv Inc Receives a Buy from Cowen & Co.

By Carrie Williams

In a report issued on December 5, Georgios Mihalos from Cowen & Co. reiterated a Buy rating on Vantiv Inc (NYSE: VNTV), with a price target of $84. The company’s shares closed yesterday at $71.92.

According to TipRanks.com, Mihalos is a top 100 analyst with an average return of 17.5% and a 83.8% 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 Vantiv Inc is Moderate Buy and the average price target is $78.94, representing a 9.8% upside.

In a report issued on December 1, Wedbush also upgraded the stock to Buy.

Based on Vantiv Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.03 billion and quarterly net profit of $92.12 million. In comparison, last year the company earned revenue of $914 million and had a net profit of $66.3 million.

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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.