Teradata Corp. (NYSE:TDC) was downgraded by research analysts at Hilliard Lyons to a “buy” rating in a report released on Tuesday, AR Network reports. They currently have a $58.00 price objective on the stock, down from their previous price objective of $75.00. Hilliard Lyons’ price target indicates a potential upside of 35.17% from the stock’s previous close.
The analysts wrote, “Management expects Q3’13 revenue of $665 million vs. our prior estimate of $705 million. This represents an increase of just 3% y/y. The company experienced solid results in the U.S. (+8% y/y) and Europe while Asia-Pacific and Middle-East Africa revenue declined 21% and 19% y/y, respectively. We do not believe Teradata results infer a shift away from Teradata solutions to cheaper Hadoop, open sourced solutions, as results in the U.S. were positive. We are however, discouraged by the size of the miss in Asia-Pacific given the relatively easy y/y comparison.”
A number of other firms have also recently commented on TDC. Analysts at UBS AG cut their price target on shares of Teradata Corp. from $65.00 to $55.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Susquehanna cut their price target on shares of Teradata Corp. from $72.00 to $62.00 in a research note to investors on Tuesday. They now have a “positive” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Teradata Corp. from $70.00 to $55.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company. Teradata Corp. has a consensus rating of “Hold” and an average target price of $57.84.
Teradata Corp. (NYSE:TDC) remained flat at $42.91 during trading on Tuesday. 831,665 shares of the company’s stock traded hands. Teradata Corp. has a 52-week low of $42.75 and a 52-week high of $75.41. The stock has a 50-day moving average of $56.70 and a 200-day moving average of $56.00. The company has a market cap of $6.999 billion and a P/E ratio of 18.96.
Teradata Corp. (NYSE:TDC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.71 by $0.05. The company had revenue of $670.00 million for the quarter, compared to the consensus estimate of $670.70 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. Analysts expect that Teradata Corp. will post $3.05 EPS for the current fiscal year.
Teradata Corporation (NYSE:TDC) is engaged in analytic data solutions, including integrated data warehousing, big data analytics and business applications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.