When looking at valuations, First Data Corporation (FDC) has a cheap P/E of 11.54x as compared to industry average of 49.4x. It trades for 11 times the next 12 months of expected earnings. It is trading at rather expensive levels at just over 4x price/book and 1.61x price/sales. Compared to others, First Data Corporation is in a different league with regards to profitability, having net margins of 17.5%. To put some perspective around this, the industry’s average net margin is 8.84%. FDC’s ROE is 50.6%, which is considerably better than the industry’s ROE of 13.14%. It’s very liquid in the near term, with a current ratio of 1. The stock has a debt/capital of 4.38.
First Data Corporation (NYSE:FDC) is now worth $16.53B thanks to 1.16% gain in recent trade and currently has a price tag of $17.42. The shares traded as low as $17.1 and had $17.69 an intraday high earlier Tuesday. Trading activity significantly weakened as the volume at ready counter decreased to 6,930,504 shares versus 8,539,080 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 8,907,960 shares. The stock is now 18.26% above against its bear-market low of $14.73 on April 25, 2018. It has retreated -52.81% since it’s 52-week high of $26.62 reached in September. Now the market price is up 0.11% on the year and up 3.02% YTD.
FDC’s 50 day simple moving average (SMA 50) price is $17.84 and its 200-day simple moving average (SMA 200) price is $20.49. The company’s stock currently has a total float of 547.86M shares. Its weekly volatility is hovering around 4.1% and felt 4.31% volatility in price over a month. On the upside, the share price will test short term resistance at around $17.71. On a downside, the stock is likely to find some support, which begins at $17.12. The failure to get near-term support could push it to $16.81.
Separately, it has been reported that multiple insider activity took place at First Data Corporation (FDC). Armine-Klein Cynthia A sold 99,510 shares for $585,864 in transaction occurred on 2018/11/29. After making this transaction, the insider owns a direct stake of 1,890,690 shares, worth $10,205,751, as per the last closing price. On 2018/11/08 Mccarthy Barry C, dumped 113,515 shares at an average price of $19.13 per share. The selling total is valued at $5,810,807.
Director, Nevels James E had invested in 94 shares for $29,015 through a trade on 2018/09/17. Following this activity, the insider holds 2,493 shares worth $505,441 as of recent close. Wall Street’s most bullish First Data Corporation (NYSE:FDC) analysts are predicting the share price to blow past $35 per share during the next 12 months. The current median share price forecast by them is $27, suggesting that the stock could increase 54.99% in that time frame. The average price target of $26.14 calls for a nearly 50.06% increase in the stock price.
It had seen a positive analyst call from Atlantic Equities, which upgraded the stock from Neutral to Overweight on August 17. Analysts at Raymond James, started covering the stock on June 15 with a Outperform rating. The stock won favor of Goldman analysts who expressed their confidence in it using an upgrade from Neutral to Buy on June 11. Bernstein, released new analyst coverage on March 28, calling the stock is Outperform.
Shares of First Data Corporation (FDC) have dropped -20.3% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, First Data Corporation (NYSE:FDC) has topped consensus earnings estimates in 7 quarters (58%), missed earnings in 2 quarters (16%), whereas at 3 occasion EPS met analyst expectations. FDC last reported earnings on October 29, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.35 per share, -92.13% change on the same period last year. That was worse than consensus for $0.37. Revenue for the recent quarter stood at $2.16 billion, up 13% on last year and below the $2.21 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $2.05 billion to $2.2 billion, which should be compared with $1.92 billion generated last year. EPS is seen in a range of $0.36 to $0.43, against the $0.45 reported a year ago.