Nomura Increases Global Payments Price Target to $57.00 (GPN)
Stock analysts at Nomura lifted their price objective on shares of Global Payments (NYSE:GPN) from $56.00 to $57.00 in a report issued on Wednesday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Nomura’s price target would suggest a potential upside of 0.90% from the company’s current price.
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 one year low of $41.01 and a one year 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 P/E ratio of 16.70.
Global Payments (NYSE:GPN) last released its earnings data on Tuesday, October 1st. The company reported $1.00 earnings per share for the quarter, beating the analysts’ 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 prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue 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.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Credit Suisse raised their price target on shares of Global Payments (NYSE:GPN) to $62.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Two investment 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 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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