Royal Bank of Canada Lowers Teradata (NYSE:TDC) Price Target to $29.00

Teradata (NYSE:TDCFree Report) had its target price trimmed by Royal Bank of Canada from $32.00 to $29.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a sector perform rating on the technology company’s stock.

Several other equities research analysts also recently issued reports on the company. Barclays lowered their price target on Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a report on Wednesday. UBS Group increased their target price on Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Northland Securities cut their price target on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Guggenheim lowered their price objective on shares of Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Evercore ISI cut their price objective on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $34.40.

View Our Latest Research Report on Teradata

Teradata Trading Down 20.3 %

TDC stock opened at $24.61 on Wednesday. The business has a fifty day moving average of $31.53 and a 200-day moving average of $30.31. The company has a market cap of $2.36 billion, a P/E ratio of 29.30, a PEG ratio of 3.19 and a beta of 0.78. Teradata has a twelve month low of $22.73 and a twelve month high of $39.70. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 4.01.

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

Institutional Investors Weigh In On Teradata

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in Teradata by 88.0% during the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after acquiring an additional 447 shares in the last quarter. CWM LLC raised its holdings in shares of Teradata by 293.8% in the third quarter. CWM LLC now owns 21,972 shares of the technology company’s stock valued at $667,000 after purchasing an additional 16,393 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Teradata by 9.2% during the third quarter. Wedge Capital Management L L P NC now owns 62,120 shares of the technology company’s stock valued at $1,885,000 after purchasing an additional 5,226 shares in the last quarter. nVerses Capital LLC purchased a new position in Teradata during the third quarter worth about $185,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Teradata by 4.2% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,165 shares of the technology company’s stock worth $339,000 after purchasing an additional 449 shares in the last quarter. 90.31% of the stock is owned by institutional investors.

Teradata Company Profile

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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.

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