The Cincinnati-based payment processing and technology company reported its 2015 third quarter earnings results yesterday, which beat analysts' expectations.
Vantiv reported third quarter earnings of 59 cents per share on revenue of $816 million. Analysts surveyed by Thomson Reuters estimated Vantiv would report third quarter earnings of 56 cents per share on revenue of $413.96 million.
Vantiv's rating was downgraded as the stock has exceeded Topeka Capital Market's 12-month price target, the firm said, adding that it now sees the risk/reward as balanced.
"VNTV is a fast-growing name with US-only exposure and estimate upside and visibility that trades at an appropriately similar valuation vs. sector peers with comparable growth profiles," the firm said.
Shares of Vantiv were down 0.82% to $50.50 in mid-afternoon trading on Thursday.
Separately, TheStreet Ratings team rates VANTIV INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
We rate VANTIV INC (VNTV) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: VNTV