Analysts Set Teradata Corporation (TDC) Price Target at $28.00

Shares of Teradata Corporation (NYSE:TDC) have received a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $28.00.

A number of analysts have recently issued reports on TDC shares. BTIG Research started coverage on shares of Teradata Corporation in a report on Monday, April 17th. They set a “neutral” rating for the company. Deutsche Bank AG reaffirmed a “hold” rating and set a $30.00 price objective (down from $32.00) on shares of Teradata Corporation in a report on Saturday, April 29th. BidaskClub downgraded shares of Teradata Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Sanford C. Bernstein started coverage on shares of Teradata Corporation in a report on Wednesday, May 24th. They set an “underperform” rating and a $25.00 price objective for the company. Finally, BMO Capital Markets dropped their price objective on shares of Teradata Corporation from $32.00 to $30.00 and set a “market perform” rating for the company in a report on Thursday, April 27th.

Shares of Teradata Corporation (NYSE:TDC) traded up 0.34% on Monday, hitting $29.50. 1,899,045 shares of the stock traded hands. Teradata Corporation has a 52 week low of $26.27 and a 52 week high of $33.32. The stock has a 50-day moving average price of $28.72 and a 200 day moving average price of $29.68. The firm has a market cap of $3.81 billion, a P/E ratio of 23.01 and a beta of 1.26.

Teradata Corporation (NYSE:TDC) last posted its quarterly earnings data on Thursday, April 27th. The technology company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. Teradata Corporation had a net margin of 7.45% and a return on equity of 28.55%. The company had revenue of $491 million during the quarter, compared to the consensus estimate of $497.29 million. During the same period in the previous year, the firm posted $0.47 EPS. The firm’s revenue was down 9.9% compared to the same quarter last year. Equities research analysts predict that Teradata Corporation will post $1.25 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Teradata Corporation by 5,397.6% in the first quarter. BlackRock Inc. now owns 7,801,522 shares of the technology company’s stock worth $242,782,000 after buying an additional 7,659,614 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Teradata Corporation by 33.1% in the first quarter. Bank of New York Mellon Corp now owns 11,731,225 shares of the technology company’s stock worth $365,073,000 after buying an additional 2,917,721 shares during the last quarter. Wellington Management Group LLP boosted its position in Teradata Corporation by 437.3% in the first quarter. Wellington Management Group LLP now owns 1,658,144 shares of the technology company’s stock worth $51,601,000 after buying an additional 1,349,522 shares during the last quarter. Norges Bank purchased a new position in Teradata Corporation during the fourth quarter worth about $35,022,000. Finally, American Century Companies Inc. boosted its position in Teradata Corporation by 363.8% in the first quarter. American Century Companies Inc. now owns 1,151,131 shares of the technology company’s stock worth $35,823,000 after buying an additional 902,948 shares during the last quarter.

About Teradata Corporation

Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.

Analyst Recommendations for Teradata Corporation (NYSE:TDC)

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