JPMorgan Chase & Co. Reiterates “Neutral” Rating for Heartland Payment Systems (HPY)
Heartland Payment Systems (NYSE:HPY)‘s stock had its “neutral” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Wednesday. They currently have a $50.00 price objective on the stock, up from their previous price objective of $46.00. JPMorgan Chase & Co.’s price target points to a potential upside of 6.52% from the company’s current price.
Shares of Heartland Payment Systems (NYSE:HPY) traded down 0.49% during mid-day trading on Wednesday, hitting $46.71. 105,554 shares of the company’s stock traded hands. Heartland Payment Systems has a 52 week low of $36.73 and a 52 week high of $50.44. The stock has a 50-day moving average of $44.33 and a 200-day moving average of $41.9. The company has a market cap of $1.679 billion and a P/E ratio of 24.42.
Heartland Payment Systems (NYSE:HPY) last released its earnings data on Friday, August 1st. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.03. The company had revenue of $159.40 million for the quarter, compared to the consensus estimate of $160.84 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that Heartland Payment Systems will post $2.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Monday, August 25th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 21st.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Heartland Payment Systems in a research note on Tuesday, August 5th. They now have a $47.00 price target on the stock, up previously from $43.00. Separately, analysts at Nomura reiterated a “neutral” rating on shares of Heartland Payment Systems in a research note on Monday, August 4th. They now have a $48.00 price target on the stock, up previously from $43.00. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Heartland Payment Systems from $44.00 to $51.00 in a research note on Monday, August 4th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Heartland Payment Systems currently has an average rating of “Hold” and an average target price of $47.18.
Heartland Payment Systems, Inc provides bankcard payment processing services to merchants in the United States.
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