Royal Bank of Canada Lowers Teradata (NYSE:TDC) Price Target to $29.00

Teradata (NYSE:TDC) had its price target reduced by research analysts at Royal Bank of Canada from $32.00 to $29.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the technology company’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 17.26% from the stock’s current price.

Several other brokerages have also recently weighed in on TDC. Guggenheim decreased their price objective on Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday. Northland Securities decreased their target price on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Barclays lowered their price objective on Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a research note on Wednesday. UBS Group raised their price target on Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Finally, Evercore ISI cut their price objective on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Teradata has a consensus rating of “Hold” and an average price target of $36.73.

Teradata Stock Performance

TDC traded down $6.16 during midday trading on Wednesday, reaching $24.73. The company’s stock had a trading volume of 1,703,294 shares, compared to its average volume of 817,527. The company has a fifty day simple moving average of $31.67 and a 200 day simple moving average of $30.35. Teradata has a twelve month low of $22.73 and a twelve month high of $39.70. 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 stock has a market cap of $2.37 billion, a P/E ratio of 29.44, a PEG ratio of 3.19 and a beta of 0.78.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a return on equity of 145.40% and a net margin of 4.56%. Research analysts expect that Teradata will post 1.41 earnings per share for the current year.

Institutional Trading of Teradata

A number of hedge funds have recently made changes to their positions in TDC. Point72 Asset Management L.P. purchased a new position in shares of Teradata in the 3rd quarter worth $27,000. GAMMA Investing LLC boosted its holdings in Teradata by 88.0% in the 3rd 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. Brooklyn Investment Group bought a new stake in Teradata during the 3rd quarter valued at approximately $32,000. Independence Bank of Kentucky purchased a new position in shares of Teradata in the fourth quarter worth $37,000. Finally, Allworth Financial LP boosted its holdings in shares of Teradata by 75.2% during the 3rd quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock valued at $40,000 after purchasing an additional 569 shares during the last quarter. 90.31% of the stock is owned by institutional investors.

About Teradata

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.