Janney Montgomery Scott Increases Heartland Payment Systems Price Target to $45.00 (HPY)
Janney Montgomery Scott raised their target price on shares of Heartland Payment Systems (NYSE:HPY) to $45.00 in a research note issued on Wednesday, ARN reports. The firm currently has a “buy” rating on the stock. Janney Montgomery Scott’s target price suggests a potential upside of 15.00% from the company’s current price.
Heartland Payment Systems (NYSE:HPY) traded down 1.71% during mid-day trading 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’s 50-day moving average is $38.26 and its 200-day moving average is $35.27. The company has a market cap of $1.441 billion and a P/E ratio of 21.01.
Heartland Payment Systems (NYSE:HPY) last issued its quarterly earnings data 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 last year, the company posted $0.44 earnings per share. Heartland Payment Systems’s revenue was up 10.6% compared to the same quarter last year. Analysts expect that Heartland Payment Systems will post $1.96 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Zacks downgraded shares of Heartland Payment Systems (NYSE:HPY) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 19th. They now have a $42.60 price target on the stock. 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.97.
Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.
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