Heartland Payment Systems Inc. Sets New 1-Year High at $50.44 (HPY)
Heartland Payment Systems (NYSE:HPY) set a new 52-week high during trading hours on Tuesday, Stock Ratings Network.com reports. The company traded as high as $50.44 and last traded at $49.63, with a volume of 307,765 shares. The stock had previously closed at $49.80.
A number of analysts have recently weighed in on HPY shares. Analysts at Cowen and Company downgraded shares of Heartland Payment Systems from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday. Separately, analysts at Buckingham Research initiated coverage on shares of Heartland Payment Systems in a research note to investors on Monday, December 23rd. They set a “neutral” rating on the stock. Finally, analysts at Wells Fargo & Co. downgraded shares of Heartland Payment Systems from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, November 20th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $41.97.
Heartland Payment Systems has a 52 week low of $29.30 and a 52 week high of $50.36. The stock has a 50-day moving average of $46.14 and a 200-day moving average of $40.8. The company has a market cap of $1.827 billion and a price-to-earnings ratio of 25.05.
Heartland Payment Systems (NYSE:HPY) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.11. The company had revenue of $153.20 million for the quarter, compared to the consensus estimate of $158.50 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Analysts expect that Heartland Payment Systems will post $2.32 EPS for the current fiscal year.
Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.
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