Global Payments Stock Rating Reaffirmed by Nomura (GPN)
Global Payments (NYSE:GPN)‘s stock had its “neutral” rating restated by stock analysts at Nomura in a report issued on Wednesday. They currently have a $73.00 price target on the stock, up from their previous price target of $68.00. Nomura’s price objective suggests a potential upside of 3.33% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Global Payments in a research note on Wednesday. They now have a $78.00 price target on the stock, up previously from $77.00. Separately, analysts at Evercore Partners raised their price target on shares of Global Payments from $8.00 to $79.00 in a research note on Wednesday. Finally, analysts at BMO Capital Markets initiated coverage on shares of Global Payments in a research note on Wednesday, July 16th. They set a “market perform” rating and a $78.00 price target on the stock. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $72.47.
Global Payments (NYSE:GPN) traded down 1.51% on Wednesday, hitting $70.65. 1,877,386 shares of the company’s stock traded hands. Global Payments has a 52-week low of $46.27 and a 52-week high of $74.46. The stock’s 50-day moving average is $72.30 and its 200-day moving average is $69.5. The company has a market cap of $5.074 billion and a price-to-earnings ratio of 22.68.
Global Payments (NYSE:GPN) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.07 by $0.02. The company had revenue of $673.98 million for the quarter, compared to the consensus estimate of $669.11 million. During the same quarter last year, the company posted $0.98 earnings per share. Global Payments’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that Global Payments will post $4.57 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%.
Global Payments Inc (NYSE:GPN) is a provider of electronic payments transaction processing services for consumers, merchants, independent sales organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, the United Kingdom, Spain, the Asia-Pacific region, the Czech Republic, and the Russian Federation.
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