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

By Ryan Adsit

KBW analyst Sanjay Sakhrani reiterated a Buy rating on Vantiv Inc (NYSE: VNTV) on December 21 and set a price target of $88. The company’s shares closed yesterday at $74.36, close to its 52-week high of $76.22.

According to TipRanks.com, Sakhrani is a 5-star analyst with an average return of 13.3% and a 76.6% success rate. Sakhrani covers the Financial sector, focusing on stocks such as Discover Financial Services, Santander Consumer USA, and Capital One Financial.

Currently, the analyst consensus on Vantiv Inc is Strong Buy and the average price target is $83.50, representing a 12.3% upside.

In a report issued on December 8, Buckingham also upgraded the stock to Buy with a $90 price target.

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 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.