Teradata Co. (NYSE:TDC) Given Average Recommendation of “Hold” by Brokerages

Shares of Teradata Co. (NYSE:TDCGet Rating) have earned a consensus rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $45.89.

TDC has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on Teradata from $50.00 to $43.00 and set an “overweight” rating on the stock in a research note on Monday, October 17th. StockNews.com downgraded shares of Teradata from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. Barclays cut their target price on shares of Teradata from $36.00 to $33.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 18th. Craig Hallum lowered their price target on Teradata to $40.00 in a report on Tuesday. Finally, Credit Suisse Group cut their price objective on Teradata from $35.00 to $30.00 and set an “underperform” rating on the stock in a research report on Tuesday, November 8th.

Teradata Price Performance

Teradata stock opened at $32.55 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.05 and a current ratio of 1.06. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 49.32, a PEG ratio of 1.61 and a beta of 0.99. Teradata has a 1 year low of $28.65 and a 1 year high of $52.53. The firm has a 50 day moving average price of $31.16 and a 200 day moving average price of $34.71.

Teradata (NYSE:TDCGet Rating) last released its quarterly earnings data on Monday, November 7th. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Teradata had a return on equity of 34.61% and a net margin of 4.02%. The business had revenue of $417.00 million during the quarter, compared to the consensus estimate of $423.10 million. During the same period in the prior year, the firm posted $0.24 EPS. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. Sell-side analysts predict that Teradata will post 0.77 earnings per share for the current year.

Hedge Funds Weigh In On Teradata

Institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc acquired a new position in Teradata in the first quarter worth about $223,000. MetLife Investment Management LLC grew its position in shares of Teradata by 41.3% in the 1st quarter. MetLife Investment Management LLC now owns 74,270 shares of the technology company’s stock worth $3,661,000 after acquiring an additional 21,690 shares in the last quarter. Duality Advisers LP bought a new stake in shares of Teradata in the 1st quarter valued at approximately $2,095,000. Hartford Investment Management Co. acquired a new stake in shares of Teradata during the 2nd quarter valued at approximately $539,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in Teradata during the second quarter worth $31,000. 94.86% of the stock is currently owned by hedge funds and other institutional investors.

Teradata Company Profile

(Get Rating)

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that allows companies to leverage their data across an enterprise, as well as connects various sources of data to drive ecosystem simplification and support customers on their journey to the cloud through an integrated migration.

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Analyst Recommendations for Teradata (NYSE:TDC)

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