Mizuho Securities Sticks to Its Buy Rating for First Data Corp (FDC)

By Jason Carr

In a report released today, Thomas McCrohan from Mizuho Securities reiterated a Buy rating on First Data Corp (FDCResearch Report), with a price target of $21. The company’s shares closed yesterday at $17.04.

According to TipRanks.com, McCrohan is a 4-star analyst with an average return of 11.1% and a 52.4% success rate. McCrohan covers the Technology sector, focusing on stocks such as Total System Services, Square Inc, and WEX.

Currently, the analyst consensus on First Data Corp is a Strong Buy with an average price target of $25.71, implying a 50.9% upside from current levels. In a report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $20 price target.

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First Data Corp’s market cap is currently $15.97B and has a P/E ratio of 9.03. The company has a Price to Book ratio of 3.93.

Based on the recent corporate insider activity of 118 insiders, corporate insider sentiment is negative on the stock.

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.

First Data Corp. engages in the provision of commerce-enabling technology and solutions; and payment technology and services. It operates through the following segments: Global Business Solutions; Global Financial Solutions; and Network and Security Solutions.