Cantor Fitzgerald Believes Vantiv Inc (NYSE: VNTV) Still Has Room to Grow

By Carrie Williams

In a report released today, Joseph Foresi from Cantor Fitzgerald reiterated a Buy rating on Vantiv Inc (NYSE: VNTV), with a price target of $79. The company’s shares opened today at $74.49, close to its 52-week high of $76.22.

Foresi observed:

“Focus: Vantiv (VNTV, OW) & WorldPay (WPG-GB, NC) Merger Areas where we believe we have added value are:.”

According to TipRanks.com, Foresi is a top 100 analyst with an average return of 16.4% and a 85.8% success rate. Foresi covers the Technology sector, focusing on stocks such as Automatic Data Processing, Jack Henry & Associates, and Fidelity National Info.

Currently, the analyst consensus on Vantiv Inc is Strong Buy and the average price target is $80.23, representing a 7.7% upside.

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

The company has a one-year high of $76.22 and a one-year low of $56.93. Currently, Vantiv Inc has an average volume of 2.52M.

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 firm 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.