Teradata (TDC) Given New $55.00 Price Target at Cowen

Teradata (NYSE:TDC) had its target price hoisted by Cowen from $51.00 to $55.00 in a report released on Monday morning, The Fly reports. They currently have an outperform rating on the technology company’s stock.

Several other research firms also recently commented on TDC. BMO Capital Markets restated a market perform rating and issued a $45.00 price target (up from $40.00) on shares of Teradata in a research note on Friday, February 8th. Zacks Investment Research downgraded shares of Teradata from a buy rating to a hold rating in a research note on Monday, February 4th. Finally, Morgan Stanley upgraded shares of Teradata from an equal weight rating to an overweight rating and upped their price target for the company from $42.00 to $55.00 in a research note on Tuesday, January 15th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $47.44.

TDC stock opened at $46.31 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.39 and a current ratio of 1.42. Teradata has a 52 week low of $34.06 and a 52 week high of $47.22. The stock has a market capitalization of $5.47 billion, a P/E ratio of 52.63, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01.

Teradata (NYSE:TDC) last released its quarterly earnings results on Thursday, February 7th. The technology company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.05. Teradata had a net margin of 1.39% and a return on equity of 18.18%. The business had revenue of $588.00 million for the quarter, compared to the consensus estimate of $565.94 million. During the same period in the prior year, the company posted $0.58 earnings per share. Teradata’s revenue was down 6.1% compared to the same quarter last year. On average, analysts predict that Teradata will post 1.21 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Penserra Capital Management LLC lifted its position in Teradata by 21.7% during the fourth quarter. Penserra Capital Management LLC now owns 1,215 shares of the technology company’s stock worth $46,000 after purchasing an additional 217 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Teradata by 3.8% in the fourth quarter. Acadian Asset Management LLC now owns 6,994 shares of the technology company’s stock worth $268,000 after acquiring an additional 255 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Teradata by 0.3% in the fourth quarter. Arizona State Retirement System now owns 84,837 shares of the technology company’s stock worth $3,254,000 after acquiring an additional 270 shares during the last quarter. Mission Wealth Management LP lifted its holdings in shares of Teradata by 4.7% in the fourth quarter. Mission Wealth Management LP now owns 8,241 shares of the technology company’s stock worth $316,000 after acquiring an additional 367 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of Teradata by 0.8% in the fourth quarter. Comerica Bank now owns 77,609 shares of the technology company’s stock worth $3,412,000 after acquiring an additional 621 shares during the last quarter. 97.78% of the stock is owned by institutional investors and hedge funds.

About Teradata

Teradata Corporation provides analytic data solutions and related services worldwide. The company operates through Americas Data and Analytics, and International Data and Analytics segments. Its analytic data solutions comprise software, hardware, and related business consulting and support services.

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