Barclays Issues Pessimistic Forecast for Teradata (NYSE:TDC) Stock Price

Teradata (NYSE:TDC) had its price objective decreased by Barclays from $30.00 to $25.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “underweight” rating on the technology company’s stock. Barclays‘s price objective would indicate a potential upside of 0.58% from the company’s current price.

TDC has been the topic of several other reports. Evercore ISI upped their target price on shares of Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $32.00 price target on shares of Teradata in a research report on Tuesday, November 5th. 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. Finally, UBS Group raised their target price on shares of Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Teradata currently has a consensus rating of “Hold” and a consensus price target of $34.40.

Teradata Stock Performance

NYSE TDC opened at $24.86 on Wednesday. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. Teradata has a 1-year low of $22.73 and a 1-year high of $39.70. The business has a 50 day simple moving average of $31.38 and a two-hundred day simple moving average of $30.27. The stock has a market capitalization of $2.38 billion, a PE ratio of 29.59, a P/E/G ratio of 3.19 and a beta of 0.78.

Teradata (NYSE:TDC) last posted its earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a net margin of 4.56% and a return on equity of 145.40%. On average, research analysts predict that Teradata will post 1.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Teradata

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in shares of Teradata during the third quarter worth $27,000. GAMMA Investing LLC grew its stake in Teradata by 88.0% during the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after buying an additional 447 shares during the last quarter. Brooklyn Investment Group acquired a new position in Teradata during the 3rd quarter valued at about $32,000. Independence Bank of Kentucky acquired a new position in Teradata during the 4th quarter valued at about $37,000. Finally, Allworth Financial LP raised its stake in Teradata by 75.2% in the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock valued at $40,000 after buying an additional 569 shares during the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.

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.