Analysts Set Teradata Co. (NYSE:TDC) Price Target at $40.00

Teradata Co. (NYSE:TDC) has been given an average rating of “Hold” by the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $40.00.

Several analysts recently weighed in on TDC shares. Northland Securities cut their price objective on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. UBS Group lifted their price objective on shares of Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Barclays boosted their price target on shares of Teradata from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Friday, December 6th. Royal Bank of Canada restated a “sector perform” rating and set a $32.00 price target on shares of Teradata in a research report on Tuesday, November 5th. Finally, Evercore ISI boosted their price target on shares of Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th.

Teradata Trading Up 0.2 %

Shares of NYSE:TDC opened at $32.50 on Friday. The company has a market cap of $3.11 billion, a PE ratio of 38.69, a P/E/G ratio of 3.16 and a beta of 0.79. The company’s 50-day moving average price is $31.08 and its 200 day moving average price is $30.86. Teradata has a fifty-two week low of $24.02 and a fifty-two week high of $49.44. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 4.01.

Teradata (NYSE:TDC) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.13. The firm had revenue of $440.00 million for the quarter, compared to the consensus estimate of $417.71 million. Teradata had a net margin of 4.56% and a return on equity of 145.40%. Teradata’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm posted $0.14 EPS. Sell-side analysts anticipate that Teradata will post 1.41 earnings per share for the current year.

Institutional Trading of Teradata

A number of hedge funds and other institutional investors have recently made changes to their positions in TDC. Crewe Advisors LLC bought a new stake in shares of Teradata in the 2nd quarter worth approximately $26,000. Point72 Asset Management L.P. purchased a new position in shares of Teradata in the third quarter worth approximately $27,000. GAMMA Investing LLC increased its position in shares of Teradata by 88.0% in the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after acquiring an additional 447 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Teradata in the third quarter worth approximately $32,000. Finally, Hexagon Capital Partners LLC increased its position in shares of Teradata by 111.4% in the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock worth $33,000 after acquiring an additional 507 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors.

Teradata Company Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.