Is Buying 52-Week Stock Like First Data Corporation (FDC) a Winning Strategy?

June 10, 2018 - By Peter Erickson

The stock of First Data Corporation (NYSE:FDC) hit a new 52-week high and has $20.65 target or 3.00 % above today’s $20.05 share price. The 9 months bullish chart indicates low risk for the $18.63 billion company. The 1-year high was reported on Jun, 10 by Barchart.com. If the $20.65 price target is reached, the company will be worth $558.81 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.30% or $0.06 during the last trading session, reaching $20.05. About 12.54M shares traded or 62.21% up from the average. First Data Corporation (NYSE:FDC) has risen 15.66% since June 10, 2017 and is uptrending. It has outperformed by 3.09% the S&P500.

Analysts await First Data Corporation (NYSE:FDC) to report earnings on August, 6. They expect $0.32 earnings per share, down 5.88 % or $0.02 from last year’s $0.34 per share. FDC’s profit will be $297.29M for 15.66 P/E if the $0.32 EPS becomes a reality. After $0.23 actual earnings per share reported by First Data Corporation for the previous quarter, Wall Street now forecasts 39.13 % EPS growth.

Another recent and important First Data Corporation (NYSE:FDC) news was published by Seekingalpha.com which published an article titled: “First Data: Buy This Breakout” on June 07, 2018.

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. The company has market cap of $18.63 billion. It operates through three divisions: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions. It has a 12.34 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 Chart

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