Citigroup Increases Teradata (NYSE:TDC) Price Target to $42.00

Teradata (NYSE:TDCGet Rating) had its price objective increased by Citigroup from $40.00 to $42.00 in a research note released on Friday morning, The Fly reports. They currently have a buy rating on the technology company’s stock.

Several other analysts also recently issued reports on the company. 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 report on Tuesday, November 8th. Craig Hallum decreased their target price on Teradata from $57.00 to $40.00 in a research report on Tuesday, November 8th. initiated coverage on Teradata in a research report on Wednesday, October 12th. They set a buy rating for the company. Morgan Stanley reduced their price objective on Teradata from $50.00 to $43.00 and set an overweight rating for the company in a research report on Monday, October 17th. Finally, TheStreet cut Teradata from a b- rating to a c rating in a research report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to, the stock presently has a consensus rating of Hold and a consensus price target of $45.89.

Teradata Stock Down 0.5 %

TDC stock opened at $32.62 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.06 and a quick ratio of 1.03. Teradata has a 1-year low of $28.65 and a 1-year high of $52.53. The firm has a fifty day moving average price of $31.11 and a two-hundred day moving average price of $34.79. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 49.42, a PEG ratio of 1.49 and a beta of 0.99.

Teradata (NYSE:TDCGet Rating) last released its quarterly earnings results on Monday, November 7th. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. The business had revenue of $417.00 million during the quarter, compared to analyst estimates of $423.10 million. Teradata had a net margin of 4.02% and a return on equity of 34.61%. The company’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Research analysts predict that Teradata will post 0.68 EPS for the current year.

Institutional Trading of Teradata

Several institutional investors have recently added to or reduced their stakes in TDC. Ronald Blue Trust Inc. acquired a new position in shares of Teradata during the 2nd quarter worth $26,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Teradata during the 2nd quarter valued at about $31,000. Parallel Advisors LLC boosted its holdings in Teradata by 480.1% in the second quarter. Parallel Advisors LLC now owns 1,137 shares of the technology company’s stock worth $42,000 after acquiring an additional 941 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in Teradata in the second quarter worth approximately $43,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Teradata in the first quarter valued at approximately $44,000. 94.86% of the stock is currently owned by institutional investors.

About Teradata

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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, 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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