Royal Bank of Canada Issues Pessimistic Forecast for Teradata (NYSE:TDC) Stock Price

Teradata (NYSE:TDC) had its target price cut by Royal Bank of Canada from $32.00 to $29.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a sector perform rating on the technology company’s stock.

TDC has been the subject of several other research reports. Northland Securities lowered their price target 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. Evercore ISI lowered their price target on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday. Guggenheim lowered 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. Barclays lowered their price target on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research report on Wednesday. Finally, UBS Group upped their price target on shares of Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Teradata has a consensus rating of “Hold” and an average price target of $34.40.

Teradata Stock Down 0.2 %

TDC stock opened at $24.78 on Wednesday. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. Teradata has a 1-year low of $22.73 and a 1-year high of $39.70. The firm has a fifty day moving average price of $31.23 and a two-hundred day moving average price of $30.22. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 29.50, a PEG 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%. Research analysts predict that Teradata will post 1.41 EPS for the current year.

Institutional Trading of Teradata

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in Teradata by 88.0% during 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 in the last quarter. CWM LLC raised its position in shares of Teradata by 293.8% in the third quarter. CWM LLC now owns 21,972 shares of the technology company’s stock valued at $667,000 after purchasing an additional 16,393 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Teradata by 9.2% in the third quarter. Wedge Capital Management L L P NC now owns 62,120 shares of the technology company’s stock valued at $1,885,000 after purchasing an additional 5,226 shares during the period. nVerses Capital LLC bought a new position in shares of Teradata in the third quarter valued at approximately $185,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Teradata by 4.2% in the third 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. 90.31% of the stock is owned by hedge funds and other institutional investors.

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.