Jefferies Starts Vantiv (VNTV) at Hold
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Price: $77.60 --0%
Rating Summary:
27 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 6 | New: 25
Rating Summary:
27 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 6 | New: 25
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Jefferies initiates coverage on recent IPO Vantiv (NYSE: VNTV) with a Hold and $24 price target.
The firm comments, "While well-positioned VNTV leverages its scale in long, sticky contracts, driving above-average margins, its lack of international presence and the intense competition in merchant processing are risks. We are positive on fundamentals, but at 17.0x C13 EPS, valuation looks full."
NOTE: Jefferies was a co-manager on VNTV's recent IPO.
For an analyst ratings summary and ratings history on Vantiv click here. For more ratings news on Vantiv click here.
Shares of Vantiv closed at $22.52 yesterday.
The firm comments, "While well-positioned VNTV leverages its scale in long, sticky contracts, driving above-average margins, its lack of international presence and the intense competition in merchant processing are risks. We are positive on fundamentals, but at 17.0x C13 EPS, valuation looks full."
NOTE: Jefferies was a co-manager on VNTV's recent IPO.
For an analyst ratings summary and ratings history on Vantiv click here. For more ratings news on Vantiv click here.
Shares of Vantiv closed at $22.52 yesterday.
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