Heartland Payment Systems Upgraded to “Outperform” by Zacks (HPY)
Heartland Payment Systems (NYSE:HPY) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Thursday, Analyst Ratings Net reports. The firm currently has a $52.70 price target on the stock. Zacks‘ price target indicates a potential upside of 6.51% from the stock’s previous close.
Heartland Payment Systems (NYSE:HPY) traded down 0.99% on Thursday, hitting $48.99. The stock had a trading volume of 240,645 shares. Heartland Payment Systems has a 1-year low of $29.30 and a 1-year high of $50.44. The stock has a 50-day moving average of $46.49 and a 200-day moving average of $41.03. The company has a market cap of $1.807 billion and a P/E ratio of 24.89.
Heartland Payment Systems (NYSE:HPY) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.53 earnings per share. Heartland Payment Systems’s revenue was up 9.5% compared to the same quarter last year. On average, analysts predict that Heartland Payment Systems will post $2.32 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. 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. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.81.
Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.
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