Heartland Payment Systems Stock Rating Reaffirmed by Zacks (HPY)
Heartland Payment Systems (NYSE:HPY)‘s stock had its “hold” rating restated by Zacks in a report issued on Wednesday, Analyst Ratings.Net reports. They currently have a $42.60 target price on the stock. Zacks‘ price target would suggest a potential upside of 8.87% from the company’s current price.
Shares of Heartland Payment Systems (NYSE:HPY) traded down 1.71% on Wednesday, hitting $39.13. The stock had a trading volume of 592,062 shares. Heartland Payment Systems has a one year low of $25.76 and a one year high of $40.38. The stock has a 50-day moving average of $38.2 and a 200-day moving average of $35.30. The company has a market cap of $1.441 billion and a price-to-earnings ratio of 21.01.
Heartland Payment Systems (NYSE:HPY) last announced its earnings results on Wednesday, July 31st. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.12. The company had revenue of $149.70 million for the quarter, compared to the consensus estimate of $151.60 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts predict that Heartland Payment Systems will post $1.96 earnings per share for the current fiscal year.
HPY has been the subject of a number of other recent research reports. Analysts at Janney Montgomery Scott raised their price target on shares of Heartland Payment Systems (NYSE:HPY) to $45.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Raymond James upgraded shares of Heartland Payment Systems (NYSE:HPY) from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, September 16th. Finally, analysts at SunTrust raised their price target on shares of Heartland Payment Systems (NYSE:HPY) from $43.00 to $47.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $39.97.
Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.
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