JMP Securities reiterated their outperform rating on shares of Teradata Corp. (NYSE:TDC) in a research report sent to investors on Tuesday morning, AmericanBankingNews.com reports. The firm currently has a $63.00 price target on the stock, down from their previous price target of $77.00.
“Performance in the Americas and Europe seemed roughly in line at 7% and 11% growth, respectively, but performance in Asia-Pacific/Japan and Middle East/Africa was disappointing with revenue down 10% and 12%, respectively. Consequently, Teradata posted preliminary 3Q revenue of $665 million, versus consensus of $699 million, and posted preliminary non-GAAP EPS of $0.69-$0.70, versus consensus of $0.81, and lowered full-year guidance considerably. The stock was down 12% in the aftermarket. While the three straight quarters of negative product growth are frustrating for investors, and the stock has seen a double-whammy of multiple contraction and lowered estimates, we still think Teradata will play a critical role in the huge data architecture transformation taking place and think the stock may find a bottom in the low 40s, which would imply a PE multiple of around 12x-13x against our 2015 estimates.,” JMP Securities’ analyst commented.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a hold rating on shares of Teradata Corp. in a research note to investors on Tuesday. They now have a $51.00 price target on the stock, down previously from $58.00. Separately, analysts at Stifel Nicolaus cut their price target on shares of Teradata Corp. from $69.00 to $59.00 in a research note to investors on Tuesday. They now have a buy rating on the stock. Finally, analysts at Morgan Stanley downgraded shares of Teradata Corp. from an overweight rating to an equal weight rating in a research note to investors on Tuesday. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $57.84.
Teradata Corp. (NYSE:TDC) traded up 0.43% during mid-day trading on Tuesday, hitting $41.66. 1,693,304 shares of the company’s stock traded hands. Teradata Corp. has a one year low of $41.11 and a one year high of $74.39. The stock’s 50-day moving average is $56.20 and its 200-day moving average is $55.90. The company has a market cap of $6.795 billion and a price-to-earnings ratio of 18.33.
Teradata Corp. (NYSE:TDC) last posted its quarterly earnings results 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 previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that Teradata Corp. will post $2.79 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.
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