Global Payments Price Target Increased to $49.00 by Analysts at SunTrust (GPN)
Research analysts at SunTrust increased their price objective on shares of Global Payments (NYSE:GPN) from $47.00 to $49.00 in a report released on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. SunTrust’s price target would indicate a potential downside of 13.26% from the company’s current price.
A number of other analysts have also recently weighed in on GPN. Analysts at Nomura raised their price target on shares of Global Payments (NYSE:GPN) from $56.00 to $57.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Global Payments (NYSE:GPN) from $53.00 to $58.00 in a research note to investors on Wednesday. Finally, analysts at Jefferies Group raised their price target on shares of Global Payments (NYSE:GPN) from $52.00 to $59.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $54.73.
Global Payments (NYSE:GPN) traded up 11.42% on Wednesday, hitting $56.49. The stock had a trading volume of 8,156,414 shares. Global Payments has a 52 week low of $41.01 and a 52 week high of $51.45. The stock’s 50-day moving average is $48.99 and its 200-day moving average is $47.63. The company has a market cap of $4.119 billion and a price-to-earnings ratio of 16.70.
Global Payments (NYSE:GPN) last posted its quarterly earnings results on Tuesday, October 1st. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.05. The company had revenue of $629.70 million for the quarter, compared to the consensus estimate of $623.79 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, analysts predict that Global Payments will post $3.94 earnings per share for the current fiscal year.
Global Payments Inc (NYSE:GPN) is a provider of electronic payments transaction processing services for consumers, merchants, independent sales organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, the United Kingdom, Spain, the Asia-Pacific region, the Czech Republic, and the Russian Federation.
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