Barclays Resumes Coverage with a Buy Rating on Vantiv

By George MacDonald

Barclays analyst Darrin Peller resumed coverage with a Buy rating on Vantiv (NYSE: VNTV) todayand the firm set a price target of $38. The company opened today at $30.92.

Currently, the analyst consensus on Vantiv is Moderate Buy and the average price target is $38.80, representing a 25.5% upside. In a report published on October 2, Deutsche Bank also reiterated a Buy rating on the stock with a $36 price target.

Based on Vantiv Inc.`s latest earnings report from June 30, the company posted quarterly revenue of $608.7M and quarterly net profit of -$1,409,000. In comparison, last year the company earned revenue of $532.3M and had a net profit of $35.71M.

According to TipRanks.com, Peller is a 4-star analyst with an average return of 10.4% and a 68.6% success rate. Peller covers the Technology sector, focusing on stocks such as Camelot Information Systems, Fidelity National Info, and Computer Sciences.

Vantiv Inc is an integrated payment processor differentiated by a single, proprietary technology platform. The Company operates as a single integrated business and report operations in two segments, Merchant Services and Financial Institution Services.