Heartland Payment Systems Lowered to “Neutral” at Goldman Sachs Group Inc. (HPY)
Heartland Payment Systems (NYSE:HPY) was downgraded by equities research analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $48.00 price objective on the stock. Goldman Sachs Group Inc.’s target price points to a potential upside of 5.47% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of Heartland Payment Systems from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. Separately, analysts at Zacks upgraded shares of Heartland Payment Systems from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 9th. They now have a $52.70 price target on the stock. Finally, 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, January 7th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $43.21.
Heartland Payment Systems (NYSE:HPY) traded down 3.25% on Thursday, hitting $45.51. 421,610 shares of the company’s stock traded hands. Heartland Payment Systems has a one year low of $29.35 and a one year high of $50.44. The stock has a 50-day moving average of $47.41 and a 200-day moving average of $41.74. The company has a market cap of $1.678 billion and a P/E ratio of 23.66.
Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.
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