StockNews.com Upgrades Teradata (NYSE:TDC) to Strong-Buy

Teradata (NYSE:TDC) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.

Several other equities research analysts have also weighed in on the company. Barclays lowered their price objective on Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 12th. Guggenheim lowered their price objective on Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. JMP Securities reiterated a “market perform” rating on shares of Teradata in a research note on Thursday, February 13th. Royal Bank of Canada lowered their price objective on Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 12th. Finally, Evercore ISI reduced their target price on Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.40.

Teradata Stock Performance

TDC traded down $0.31 on Thursday, hitting $21.98. 1,220,498 shares of the stock traded hands, compared to its average volume of 902,390. Teradata has a 52 week low of $21.82 and a 52 week high of $39.70. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65. The firm has a market capitalization of $2.08 billion, a PE ratio of 18.78, a P/E/G ratio of 6.23 and a beta of 0.75. The business has a fifty day moving average price of $28.16 and a two-hundred day moving average price of $29.69.

Teradata (NYSE:TDC) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share (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 predict that Teradata will post 1.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in Teradata during the 3rd quarter worth $27,000. Brooklyn Investment Group acquired a new position in Teradata during the 3rd quarter worth $32,000. Independence Bank of Kentucky acquired a new position in Teradata during the 4th quarter worth $37,000. Aster Capital Management DIFC Ltd lifted 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 buying an additional 543 shares in the last quarter. Finally, Groupama Asset Managment acquired a new position in Teradata during the 3rd quarter worth $50,000. Institutional investors and hedge funds own 90.31% of the company’s stock.

About Teradata

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.