Teradata Co. (NYSE:TDC) Receives $40.00 Consensus Target Price from Brokerages

Teradata Co. (NYSE:TDC) has earned an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $40.00.

Several brokerages have recently commented on TDC. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 target price on shares of Teradata in a research report on Tuesday, November 5th. Evercore ISI lifted their target price on shares of Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Northland Securities cut their price objective on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. UBS Group lifted their price target on shares of Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Finally, Barclays increased their target price on Teradata from $29.00 to $30.00 and gave the stock an “underweight” rating in a report on Friday, December 6th.

Teradata Stock Performance

Shares of TDC stock opened at $31.91 on Monday. Teradata has a 52 week low of $24.02 and a 52 week high of $49.44. The company’s fifty day simple moving average is $31.67 and its 200-day simple moving average is $30.45. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 4.01. The company has a market cap of $3.05 billion, a PE ratio of 37.98, a P/E/G ratio of 3.35 and a beta of 0.79.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.13. Teradata had a net margin of 4.56% and a return on equity of 145.40%. The company had revenue of $440.00 million for the quarter, compared to the consensus estimate of $417.71 million. During the same period last year, the firm posted $0.14 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities research analysts anticipate that Teradata will post 1.41 EPS for the current year.

Institutional Trading of Teradata

Institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. acquired a new position in shares of Teradata during the 3rd quarter valued at $27,000. GAMMA Investing LLC boosted its position in shares of Teradata by 88.0% during the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after purchasing an additional 447 shares in the last quarter. Brooklyn Investment Group bought a new stake in Teradata in the 3rd quarter valued at about $32,000. Independence Bank of Kentucky acquired a new position in Teradata during the 4th quarter worth approximately $37,000. Finally, Allworth Financial LP grew its stake in Teradata by 75.2% in the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock valued at $40,000 after acquiring an additional 569 shares during the period. Institutional investors own 90.31% of the company’s stock.

Teradata Company Profile

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.