Brokerages Set Teradata Co. (NYSE:TDC) Price Target at $42.29

Shares of Teradata Co. (NYSE:TDC) have been given an average rating of “Hold” by the nine analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $42.29.

A number of equities analysts recently commented on the company. Royal Bank of Canada reduced their price target on Teradata to $40.00 and set a “market perform” rating for the company in a report on Friday, August 2nd. Zacks Investment Research cut Teradata from a “hold” rating to a “sell” rating and set a $29.00 price objective for the company. in a report on Monday, May 27th. Morgan Stanley boosted their price objective on Teradata from $57.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. TheStreet cut Teradata from a “b-” rating to a “c” rating in a report on Friday, May 3rd. Finally, ValuEngine cut Teradata from a “buy” rating to a “hold” rating in a report on Sunday, August 4th.

Teradata stock traded up $0.13 during midday trading on Tuesday, reaching $35.56. 1,511,496 shares of the company’s stock were exchanged, compared to its average volume of 1,151,382. Teradata has a 52 week low of $31.87 and a 52 week high of $49.42. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 1.54. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 40.41, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The firm has a 50-day moving average price of $35.73.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.12. Teradata had a return on equity of 23.03% and a net margin of 1.07%. The business had revenue of $478.00 million during the quarter, compared to analysts’ expectations of $485.17 million. During the same quarter last year, the company posted $0.26 earnings per share. Teradata’s quarterly revenue was down 12.1% on a year-over-year basis. On average, sell-side analysts expect that Teradata will post 0.94 earnings per share for the current year.

Teradata announced that its Board of Directors has initiated a share repurchase program on Thursday, August 1st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the technology company to buy up to 11.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Several large investors have recently modified their holdings of TDC. Macquarie Group Ltd. bought a new stake in shares of Teradata in the fourth quarter valued at approximately $32,000. Tortoise Index Solutions LLC bought a new stake in shares of Teradata in the first quarter valued at approximately $36,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Teradata in the first quarter valued at approximately $44,000. Advisory Services Network LLC boosted its stake in shares of Teradata by 25.4% in the second quarter. Advisory Services Network LLC now owns 1,347 shares of the technology company’s stock valued at $48,000 after buying an additional 273 shares during the period. Finally, Penserra Capital Management LLC boosted its stake in shares of Teradata by 71.6% in the first quarter. Penserra Capital Management LLC now owns 2,085 shares of the technology company’s stock valued at $91,000 after buying an additional 870 shares during the period. Institutional investors own 96.68% of the company’s stock.

Teradata Company Profile

Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.

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Analyst Recommendations for Teradata (NYSE:TDC)

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