VeriFone Systems Given New $33.00 Price Target at Standpoint Research (PAY)
Stock analysts at Standpoint Research hoisted their price objective on shares of VeriFone Systems (NYSE:PAY) to $33.00 in a report issued on Friday, American Banking and Market News reports. Standpoint Research’s target price would suggest a potential upside of 25.71% from the stock’s previous close.
PAY has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of VeriFone Systems in a research note to investors on Wednesday, December 18th. They now have a $27.00 price target on the stock, up previously from $26.00. Separately, analysts at Susquehanna raised their price target on shares of VeriFone Systems from $25.00 to $28.00 in a research note to investors on Monday, December 16th. They now have a “positive” rating on the stock. Finally, analysts at Jefferies Group upgraded shares of VeriFone Systems from a “hold” rating to a “buy” rating in a research note to investors on Friday, November 22nd. They now have a $29.00 price target on the stock, up previously from $21.00. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $25.43.
VeriFone Systems (NYSE:PAY) traded up 4.57% on Friday, hitting $27.45. The stock had a trading volume of 3,018,090 shares. VeriFone Systems has a 52-week low of $15.34 and a 52-week high of $36.13. The stock has a 50-day moving average of $25.12 and a 200-day moving average of $21.90. The company’s market cap is $3.031 billion.
VeriFone Systems (NYSE:PAY) last announced its earnings results on Tuesday, December 17th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.01. The company had revenue of $432.00 million for the quarter, compared to the consensus estimate of $421.50 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was down 11.7% on a year-over-year basis. Analysts expect that VeriFone Systems will post $1.41 EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.