Global Payments Price Target Raised to $72.00 at Evercore Partners (GPN)
Evercore Partners raised their price objective on shares of Global Payments (NYSE:GPN) from $64.00 to $72.00 in a research note issued on Monday, AnalystRatingsNetwork.com reports. Evercore Partners’ price objective indicates a potential upside of 10.28% from the company’s current price.
A number of other analysts have also recently weighed in on GPN. Analysts at Buckingham Research initiated coverage on shares of Global Payments in a research note to investors on Monday, December 23rd. They set a “neutral” rating on the stock. Separately, analysts at Nomura downgraded shares of Global Payments from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, December 18th. They now have a $66.00 price target on the stock, up previously from $57.00. Finally, analysts at Jefferies Group raised their price target on shares of Global Payments from $59.00 to $72.00 in a research note to investors on Thursday, November 14th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Global Payments presently has an average rating of “Hold” and an average price target of $58.06.
Shares of Global Payments (NYSE:GPN) traded down 2.00% on Monday, hitting $65.29. 1,149,092 shares of the company’s stock traded hands. Global Payments has a one year low of $43.73 and a one year high of $67.22. The stock’s 50-day moving average is $63.47 and its 200-day moving average is $54.37. The company has a market cap of $4.759 billion and a P/E ratio of 21.94.
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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