Guggenheim Cuts Teradata (NYSE:TDC) Price Target to $37.00

Teradata (NYSE:TDC) had its target price reduced by stock analysts at Guggenheim from $42.00 to $37.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Guggenheim’s target price would suggest a potential upside of 46.65% from the company’s previous close.

Several other equities analysts have also commented on TDC. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 target price on shares of Teradata in a research note on Tuesday, November 5th. UBS Group lifted their price target on Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. Northland Securities cut their price objective on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Evercore ISI decreased their target price on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Barclays dropped their price target on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research report on Wednesday. Three analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Teradata currently has a consensus rating of “Hold” and a consensus target price of $37.00.

Teradata Trading Down 18.3 %

NYSE:TDC traded down $5.66 on Wednesday, reaching $25.23. The stock had a trading volume of 713,160 shares, compared to its average volume of 790,608. Teradata has a 12-month low of $22.73 and a 12-month high of $39.70. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 29.99, a P/E/G ratio of 3.19 and a beta of 0.78. The firm’s fifty day moving average is $31.67 and its two-hundred day moving average is $30.35. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79.

Teradata (NYSE:TDC) last announced its earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a return on equity of 145.40% and a net margin of 4.56%. Equities analysts expect that Teradata will post 1.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Teradata

Large investors have recently modified their holdings of the stock. Point72 Asset Management L.P. acquired a new position in Teradata in the 3rd quarter worth $27,000. GAMMA Investing LLC increased its position in shares of Teradata by 88.0% during the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after acquiring an additional 447 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Teradata in the third quarter worth about $32,000. Independence Bank of Kentucky purchased a new position in Teradata in the fourth quarter valued at about $37,000. Finally, Allworth Financial LP boosted its holdings 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 purchasing an additional 569 shares during the last quarter. Institutional investors and hedge funds 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.