Global Payments Inc. Hits New 52-Week High at $57.75 (GPN)
Shares of Global Payments (NYSE:GPN) hit a new 52-week high during trading on Monday, AmericanBankingNews.com reports. The stock traded as high as $57.75 and last traded at $57.67, with a volume of 564,051 shares. The stock had previously closed at $56.84.
GPN has been the subject of a number of recent research reports. Analysts at Oppenheimer raised their price target on shares of Global Payments from $55.00 to $63.00 in a research note to investors on Wednesday, October 9th. They now have an “outperform” rating on the stock. Separately, analysts at First Analysis downgraded shares of Global Payments from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, October 7th. Finally, analysts at UBS AG raised their price target on shares of Global Payments from $49.00 to $52.00 in a research note to investors on Wednesday, October 2nd. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $55.36.
In other Global Payments news, Director Gerald J. Wilkins acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was purchased at an average price of $56.75 per share, for a total transaction of $141,875.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Global Payments has a 1-year low of $41.01 and a 1-year high of $57.75. The stock’s 50-day moving average is $52.04 and its 200-day moving average is $48.42. The company has a market cap of $4.200 billion and a P/E ratio of 18.72.
Global Payments (NYSE:GPN) last posted its quarterly earnings results 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 last year, the company posted $0.88 earnings per share. Global Payments’s revenue was up 6.7% compared to the same quarter last year. Analysts expect that Global Payments will post $4.02 EPS 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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