Standpoint Research Initiates Coverage on Teradata (TDC)

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Standpoint Research initiated coverage on shares of Teradata (NYSE:TDC) in a research note released on Monday morning, TheFlyOnTheWall.com reports. The firm issued a buy rating and a $58.00 target price on the stock.

A number of other firms have also recently commented on TDC. Analysts at Zacks reiterated a neutral rating on shares of Teradata in a research note on Monday, June 30th. They now have a $43.00 price target on the stock. Separately, analysts at JMP Securities downgraded shares of Teradata from an outperform rating to a market perform rating in a research note on Monday, June 23rd. They now have a $63.00 price target on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of Teradata from $37.00 to $35.00 in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $51.12.

Shares of Teradata (NYSE:TDC) opened at 42.05 on Monday. Teradata has a 52-week low of $37.66 and a 52-week high of $65.96. The stock has a 50-day moving average of $42.03 and a 200-day moving average of $44.12. The company has a market cap of $6.631 billion and a price-to-earnings ratio of 17.93.

Teradata (NYSE:TDC) last announced its earnings results on Thursday, May 8th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.07. The company had revenue of $628.00 million for the quarter, compared to the consensus estimate of $614.59 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts predict that Teradata will post $2.85 earnings per share for the current fiscal year.

Teradata Corporation (NYSE:TDC) is engaged in analytic data solutions, including integrated data warehousing, big data analytics and business applications.

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