Does First Data Corporation Class A (NYSE:FDC) Have Gas After Even More Sellers Involved?

April 17, 2018 - By Dolores Ford

The stock of First Data Corporation Class A (NYSE:FDC) registered an increase of 7% in short interest. FDC’s total short interest was 46.51 million shares in April as published by FINRA. Its up 7% from 43.47 million shares, reported previously. With 8.74M shares average volume, it will take short sellers 5 days to cover their FDC’s short positions. The short interest to First Data Corporation Class A’s float is 10.03%.

The stock increased 0.72% or $0.11 during the last trading session, reaching $15.32. About 1.74 million shares traded. First Data Corporation (NYSE:FDC) has risen 5.34% since April 17, 2017 and is uptrending. It has underperformed by 6.21% the S&P500.

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. The company has market cap of $14.23 billion. It operates through three divisions: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions. It has a 9.82 P/E ratio. The Global Business Solutions segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services and Webstore-in-a-box solutions, as well as its cloud Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.

First Data Corporation (NYSE:FDC) Ratings Coverage

Among 9 analysts covering First Data Corp (NYSE:FDC), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. First Data Corp had 9 analyst reports since October 18, 2017 according to SRatingsIntel. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, October 26. Stifel Nicolaus maintained First Data Corporation (NYSE:FDC) rating on Thursday, October 19. Stifel Nicolaus has “Buy” rating and $20.0 target. The rating was upgraded by BMO Capital Markets to “Outperform” on Monday, November 20. The firm has “Hold” rating given on Monday, November 13 by Robert W. Baird. On Wednesday, October 18 the stock rating was maintained by SunTrust with “Buy”. The firm has “Buy” rating given on Friday, October 20 by Piper Jaffray. The firm has “Outperform” rating by Wedbush given on Friday, October 20. Nomura maintained First Data Corporation (NYSE:FDC) on Wednesday, November 1 with “Neutral” rating. The stock of First Data Corporation (NYSE:FDC) has “Buy” rating given on Monday, October 30 by BTIG Research.

First Data Corporation (NYSE:FDC) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: