Teradata (NYSE:TDC) Hits New 52-Week Low – What’s Next?

Teradata Co. (NYSE:TDC) shares hit a new 52-week low during trading on Friday . The stock traded as low as $22.62 and last traded at $22.73, with a volume of 274925 shares traded. The stock had previously closed at $22.98.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Evercore ISI reduced their price target on Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. JMP Securities reiterated a “market perform” rating on shares of Teradata in a report on Thursday, February 13th. StockNews.com lowered shares of Teradata from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 13th. Barclays dropped their price target on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 12th. Finally, Guggenheim lowered their target price on shares of Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Teradata currently has an average rating of “Hold” and an average price target of $34.40.

Teradata Price Performance

The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 6.23 and a beta of 0.75. The business’s fifty day simple moving average is $28.68 and its 200 day simple moving average is $29.81.

Teradata (NYSE:TDC) last issued its earnings results on Tuesday, February 11th. The technology company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a net margin of 6.51% and a return on equity of 149.16%. On average, research analysts forecast that Teradata Co. will post 1.31 EPS for the current year.

Hedge Funds Weigh In On Teradata

Institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. acquired a new position in Teradata during the third quarter worth $27,000. Brooklyn Investment Group acquired a new stake in shares of Teradata in the 3rd quarter worth about $32,000. Independence Bank of Kentucky bought a new position in Teradata in the 4th quarter valued at about $37,000. Capital Performance Advisors LLP acquired a new position in Teradata during the 3rd quarter valued at about $45,000. Finally, Aster Capital Management DIFC Ltd increased its holdings in Teradata by 53.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company’s stock worth $49,000 after purchasing an additional 543 shares in the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

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.