Barclays Issues Pessimistic Forecast for Teradata (NYSE:TDC) Stock Price

Teradata (NYSE:TDC) had its price objective cut by Barclays from $30.00 to $25.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the technology company’s stock. Barclays‘s target price points to a potential downside of 18.99% from the stock’s previous close.

Several other brokerages have also recently issued reports on TDC. UBS Group boosted their price target on Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price target on shares of Teradata in a report on Tuesday, November 5th. Evercore ISI upped their price objective on Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, Northland Securities dropped their target price on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Teradata presently has a consensus rating of “Hold” and an average target price of $39.55.

Teradata Trading Down 0.2 %

Shares of TDC opened at $30.86 on Wednesday. The firm has a 50-day moving average price of $31.67 and a 200 day moving average price of $30.35. Teradata has a 12-month low of $24.02 and a 12-month high of $49.44. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 4.01. The firm has a market capitalization of $2.95 billion, a P/E ratio of 36.74, a P/E/G ratio of 3.19 and a beta of 0.78.

Teradata (NYSE:TDC) last released its earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a net margin of 4.56% and a return on equity of 145.40%. Sell-side analysts forecast that Teradata will post 1.41 EPS for the current year.

Institutional Investors Weigh In On Teradata

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in shares of Teradata by 88.0% in the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after buying an additional 447 shares during the period. CWM LLC lifted its stake in shares of Teradata by 293.8% in the third quarter. CWM LLC now owns 21,972 shares of the technology company’s stock worth $667,000 after buying an additional 16,393 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Teradata by 9.2% during the 3rd quarter. Wedge Capital Management L L P NC now owns 62,120 shares of the technology company’s stock worth $1,885,000 after buying an additional 5,226 shares during the period. nVerses Capital LLC acquired a new position in Teradata in the 3rd quarter valued at $185,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Teradata by 4.2% during 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 acquiring an additional 449 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

Teradata Company Profile

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.