Keefe, Bruyette & Woods Increases Global Payments Price Target to $77.00 (GPN)
Keefe, Bruyette & Woods increased their price objective on shares of Global Payments (NYSE:GPN) from $72.00 to $77.00 in a research note issued on Thursday. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 11.16% from the company’s current price.
Shares of Global Payments (NYSE:GPN) remained flat at $69.27 during during mid-day trading trading on Thursday. 878,490 shares of the company’s stock traded hands. Global Payments has a one year low of $46.81 and a one year high of $74.46. The stock’s 50-day moving average is $72.19 and its 200-day moving average is $69.52. The company has a market cap of $4.723 billion and a P/E ratio of 20.55.
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 $4.60 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders 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 0.12%. The ex-dividend date of this dividend is Wednesday, August 13th.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “neutral” rating on shares of Global Payments in a research note on Wednesday. They now have a $73.00 price target on the stock, up previously from $68.00. Separately, 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. Finally, 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. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Global Payments has an average rating of “Hold” and an average target price of $74.00.
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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