VeriFone Systems Stock Rating Upgraded by Zacks (PAY)
VeriFone Systems (NYSE:PAY) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Monday, Analyst Ratings Network.com reports. The firm currently has a $25.00 price target on the stock. Zacks‘ target price would indicate a potential upside of 5.44% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital reiterated a “hold” rating on shares of VeriFone Systems in a research note to investors on Tuesday, September 24th. They now have a $22.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of VeriFone Systems from $21.00 to $26.00 in a research note to investors on Tuesday, September 24th. They now have a “sector perform” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of VeriFone Systems in a research note to investors on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.42.
VeriFone Systems (NYSE:PAY) traded down 2.02% on Monday, hitting $23.23. 521,605 shares of the company’s stock traded hands. VeriFone Systems has a one year low of $15.34 and a one year high of $36.13. The stock’s 50-day moving average is $21.78 and its 200-day moving average is $20.31. The company’s market cap is $2.538 billion.
VeriFone Systems (NYSE:PAY) last released its 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 in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was down 15.2% on a year-over-year basis.
In other VeriFone Systems news, CEO Paul Galant unloaded 65,185 shares of VeriFone Systems stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $23.36, for a total value of $1,522,721.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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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