VeriFone Systems Given “Hold” Rating at Barclays Capital (PAY)
VeriFone Systems (NYSE:PAY)‘s stock had its “hold” rating reaffirmed by investment analysts at Barclays Capital in a note issued to investors on Tuesday, Stock Ratings Network reports. They currently have a $22.00 target price on the stock. Barclays Capital’s target price would suggest a potential downside of 3.42% from the stock’s previous close.
Shares of VeriFone Systems (NYSE:PAY) traded down 0.91% during mid-day trading on Tuesday, hitting $22.78. 2,239,749 shares of the company’s stock traded hands. VeriFone Systems has a 52 week low of $15.34 and a 52 week high of $36.13. The stock has a 50-day moving average of $20.83 and a 200-day moving average of $20.1. The company’s market cap is $2.488 billion.
VeriFone Systems (NYSE:PAY) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.04. The company had revenue of $416.00 million for the quarter, compared to the consensus estimate of $400.83 million. During the same quarter last year, the company posted $0.75 earnings per share. VeriFone Systems’s revenue was down 15.2% compared to the same quarter last year. On average, analysts predict that VeriFone Systems will post $1.43 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on PAY. Analysts at RBC Capital raised their price target on shares of VeriFone Systems (NYSE:PAY) from $21.00 to $26.00 in a research note to investors on Tuesday. They now have a “sector perform” rating on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of VeriFone Systems (NYSE:PAY) in a research note to investors on Tuesday. Finally, analysts at Jefferies Group raised their price target on shares of VeriFone Systems (NYSE:PAY) from $16.00 to $21.00 in a research note to investors on Monday, September 9th. They now have a “hold” rating on the stock.
Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $22.67.
VeriFone Systems, Inc (NYSE:PAY), formerly VeriFone Holdings, Inc, is a holding company for VeriFone, Inc The Company is engaged in the secure electronic payment solutions.
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