Heartland Payment Systems Rating Increased to Buy at Buckingham Research (HPY)
Heartland Payment Systems (NYSE:HPY) was upgraded by research analysts at Buckingham Research from a “neutral” rating to a “buy” rating in a report released on Thursday, TheFlyOnTheWall.com reports.
Shares of Heartland Payment Systems (NYSE:HPY) opened at 41.12 on Thursday. Heartland Payment Systems has a 52-week low of $29.35 and a 52-week high of $50.44. The stock’s 50-day moving average is $46.90 and its 200-day moving average is $42.06. The company has a market cap of $1.516 billion and a price-to-earnings ratio of 21.14.
Heartland Payment Systems (NYSE:HPY) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.01. The company had revenue of $530.40 million for the quarter, compared to the consensus estimate of $499.00 million. During the same quarter last year, the company posted $0.38 earnings per share. Heartland Payment Systems’s revenue was up 12.8% compared to the same quarter last year. Analysts expect that Heartland Payment Systems will post $2.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 0.82%.
A number of other firms have also recently commented on HPY. Analysts at Goldman Sachs Group Inc. downgraded shares of Heartland Payment Systems from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 23rd. They now have a $48.00 price target on the stock. They noted that the move was a valuation call. Separately, 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. Finally, 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. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Heartland Payment Systems currently has an average rating of “Hold” and a consensus price target of $43.21.
Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.
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