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Teradata Corporation (NYSE:TDC) heading to 52-week high on important volume, short interest ramping up

February 13
09:23 2015

Teradata Corporation (NYSE:TDC) (TREND ANALYSIS) shares were traded with a significant increase in volume. The stock closed last trading session at $46.02, up by 5%, with a volume of 3,727,670 shares against an average volume for the last 3 months of 1,901,110.

Teradata Corporation (TDC) reported last quarter earnings on Thursday, February 05. The IT Consulting & Services company announced earning per share of $0.84 against a consensus Street estimate of $0.83, beating the average estimate by $0.01. This corresponds to an increase of $0.19 compared to the same quarter of the previous fiscal year.

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Teradata Corporation (NYSE:TDC) is currently trading 7.16% below its 52-week-high, 22.2% above its 52-week-low. The 1-year range for the stock is $37.66 – $49.57. Teradata Corporation (TDC) has a price to earnings ratio of 18.81 versus S&P 500 average of 17.42. The stock price has outperformed the S&P 500 by 4.7%. TDC is currently valued at $6.99 billion and closed the last trading session at $46.02. The stock has a 50-day moving average of $43.86 and a 200-day moving average of $43.28.

Teradata Corporation (TDC) current short interest stands at 28.97 millions shares. It has increased by 6% from the same period of last month. Around 20% of the company’s shares, which are float, are short sold. With a 10-days average volume of 3.81 millions shares, the number of days required to cover the short positions stand at 7.6 days.

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There are currently twenty-eight analysts that cover TDC. Of those twenty-eight, six have a Buy rating, seventeen have a Hold rating and five have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $44.36.

A quite recent analyst activity consisted of Monness Crespi & Hardt who initiated their coverage on the stock with a Sell rating on September 29. Monness Crespi & Hardt fixed their price target at $38. This corresponds to a 17.43% downside from the last closing price. On the date of report, the stock closed at $41.9.

Barclays downgraded their Overweight rating to Equal Weight on September 4, and decreased their price target from $46 to $46. This corresponds to a 0.04% downside from the last closing price. On the date of report, the stock closed at $44.6.

A third research firm was Standpoint Research who initiated their coverage on the stock with a Buy rating on July 14. Standpoint Research fixed their price target at $58. This translates to a 26.03% upside from the last closing price. On the date of report, the stock closed at $42.05.

Company profile

Teradata Corp operates as a database management company in the technology industry. The company offers analytic data solutions through integrated data warehousing, big data analytics, and business applications. Teradata Corp collaborates with leading innovators in software, technology, and integration services.

About Author

Brett Sutton

Brett Sutton

Brett Sutton leads the Multi-Industry equity research team at Markets Wired. Brett has covered the US industrial space for over 6 years and has been an equity research analyst for 11 years.

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