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

Teradata (NYSE:TDC) had its target price cut by analysts at Guggenheim from $42.00 to $37.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Guggenheim’s price objective suggests a potential upside of 48.86% from the stock’s previous close.

Other analysts have also issued reports about the company. UBS Group lifted their price target on Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Northland Securities lowered their price objective on Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Royal Bank of Canada restated a “sector perform” rating and set a $32.00 price objective on shares of Teradata in a research report on Tuesday, November 5th. Evercore ISI lowered their price objective on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Barclays lowered their price objective on Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $34.40.

Teradata Stock Performance

NYSE:TDC opened at $24.86 on Wednesday. The stock’s 50-day simple moving average is $31.38 and its 200 day simple moving average is $30.27. Teradata has a twelve month low of $22.73 and a twelve month high of $39.70. The firm has a market capitalization of $2.38 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78. 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 announced its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.30 EPS 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, analysts anticipate that Teradata will post 1.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Teradata

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in shares of Teradata by 88.0% during the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after acquiring an additional 447 shares in the last quarter. CWM LLC increased its holdings in shares of Teradata by 293.8% during the third quarter. CWM LLC now owns 21,972 shares of the technology company’s stock valued at $667,000 after acquiring an additional 16,393 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Teradata by 9.2% during the third quarter. Wedge Capital Management L L P NC now owns 62,120 shares of the technology company’s stock valued at $1,885,000 after acquiring an additional 5,226 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Teradata during the third quarter valued at approximately $185,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Teradata by 4.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,165 shares of the technology company’s stock valued at $339,000 after acquiring an additional 449 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors.

About Teradata

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.