VeriFone Systems Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:PAY)
Shares of VeriFone Systems (NYSE:PAY) have been given an average rating of “Hold” by the sixteen analysts that are currently covering the stock, Analyst Ratings Network reports. Nine investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $32.85.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of VeriFone Systems in a research note on Tuesday, July 8th. Separately, analysts at Morgan Stanley initiated coverage on shares of VeriFone Systems in a research note on Tuesday, June 10th. They set an “equal weight” rating and a $35.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of VeriFone Systems from $38.00 to $42.00 in a research note on Monday, June 9th.
VeriFone Systems (NYSE:PAY) opened at 33.04 on Wednesday. VeriFone Systems has a 52-week low of $18.69 and a 52-week high of $38.26. The stock’s 50-day moving average is $35.85 and its 200-day moving average is $32.80. The company’s market cap is $3.691 billion.
VeriFone Systems (NYSE:PAY) last issued its quarterly earnings data on Thursday, June 5th. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. The company had revenue of $467.00 million for the quarter, compared to the consensus estimate of $443.42 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts expect that VeriFone Systems will post $1.45 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.
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