Teradata (NYSE:TDC) Price Target Cut to $29.00 by Analysts at Royal Bank of Canada

Teradata (NYSE:TDC) had its price objective decreased by Royal Bank of Canada from $32.00 to $29.00 in a report published on Wednesday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the technology company’s stock.

A number of other equities research analysts have also recently weighed in on the stock. Guggenheim reduced their price target on shares of Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday. Northland Securities lowered their price objective on Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Evercore ISI cut their price target on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday. UBS Group boosted their target price on Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Finally, Barclays reduced their target price on Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Teradata currently has an average rating of “Hold” and an average price target of $34.40.

Teradata Price Performance

TDC stock opened at $24.61 on Wednesday. The business has a fifty day moving average of $31.53 and a two-hundred day moving average of $30.31. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 4.01. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78. Teradata has a 52-week low of $22.73 and a 52-week high of $39.70.

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%. As a group, research analysts anticipate that Teradata will post 1.41 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. bought a new stake in shares of Teradata during the 3rd quarter worth about $27,000. GAMMA Investing LLC boosted its position in shares of Teradata by 88.0% in the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after acquiring an additional 447 shares during the period. Brooklyn Investment Group bought a new position in shares of Teradata during the 3rd quarter worth about $32,000. Independence Bank of Kentucky bought a new position in Teradata during the fourth quarter valued at about $37,000. Finally, Allworth Financial LP lifted its position in Teradata by 75.2% in the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock worth $40,000 after purchasing an additional 569 shares during the period. 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.