Analyst Stance On Two Stocks: First Data Corporation (FDC), Magna International Inc. (MGA)

The recently concluded session had traders exchanging First Data Corporation (NYSE:FDC) low level. Roughly 5.97 million shares changed hands compared to the three-month volume average 7.97 million shares. The first trade took place at $19.69 and the stock went down -0.56% to attain the closing price of $19.5.

First Data Corporation (FDC) Analyst Opinion

First Data Corporation has a consensus outperform rating from 29 Wall Street analysts, and the number of shares currently sold short amount to at least 4.93% of shares outstanding. The stock spiked 27.37% last month and is up 16.7 this year. Wall Street is only getting more bullish on the stock, with 24 of analysts who cover FDC having a buy-equivalent rating. Analysts have placed a $21.05 price target on First Data Corporation, suggesting a 7.95% gain from recent close. It’s currently trading about -1.76% below its 52-week high.

First Data Corporation Earnings Surprise

First Data Corporation (FDC) surprised the stock market in its last reported earnings when it earned $0.29 a piece versus the consensus-estimated $0.26. Its revenue totaled $1.85 billion down -5.25% from the previous quarter.

First Data Corporation (NYSE:FDC) Intraday View

This stock (FDC) is ahead of its 52-week low with 32.36%. Its last month’s stock price volatility remained 1.75% which for the week stands at 2.61%. The share price has moved forward from its 20 days moving average, trading at a distance of 11.61% and stays 18.39% away from its 50 days moving average. Over the last five days, shares have faced 0% losses and now is up 13.84% since hitting its 200-day moving average of $16.66. First Data Corporation (FDC) has made its way to a 12-month gain of 18.11%.

Turning to Magna International Inc. (NYSE:MGA), its shares were trading at $66.25 a gain of $0.99, on the trading floor. The stock, after opening at $65.38, touched a high of $66.52 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.5. Magna International Inc. has 4 buy ratings, 4 holds and 0 sells even after the stock climbed 0.21% from its high of $66.11 to a $22.75 billion market value through last close.

Magna International Inc. (MGA) Consensus Price Target

The company’s consensus rating on Reuter’s scale slipped from 2.41 to 2.33 during a month. Analysts set a 12-month price target of $64.97 a share. The target implies a -1.93% decrease from where the shares are currently trading. Also, the current price highlights a discount of 23.77% to analysts’ high consensus price target.

Magna International Inc. (NYSE:MGA) Intraday Trading

The counter witnessed a trading volume of 1.06 million shares versus an average volume of 1.29 million shares during last trading session. Its last month’s stock price volatility remained 2.56% which for the week approaches 1.99%. The lowest price the stock reached in the last trading day was $65.3 and compares with the $43.18 52-week low. The stock recovered 53.43% since its low point and has performed 16.9% year-to-date.

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