Global Payments Receives Consensus Rating of “Hold” from Brokerages (NYSE:GPN)
Shares of Global Payments (NYSE:GPN) have earned a consensus rating of “Hold” from the twenty-three analysts that are currently covering the stock, Analyst Ratings Network.com reports. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $74.55.
In other Global Payments news, Director Gerald J. Wilkins sold 2,250 shares of the company’s stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $71.00, for a total value of $159,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Global Payments (NYSE:GPN) opened at 71.55 on Tuesday. Global Payments has a 52 week low of $47.35 and a 52 week high of $74.46. The stock’s 50-day moving average is $71.60 and its 200-day moving average is $69.62. The company has a market cap of $4.879 billion and a P/E ratio of 21.23.
Global Payments (NYSE:GPN) last announced its earnings results 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. Analysts expect that Global Payments will post $4.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. The ex-dividend date is Wednesday, August 13th.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Global Payments in a research note on Wednesday, August 13th. They now have a $77.00 price target on the stock, up previously from $74.00. Separately, analysts at Jefferies Group raised their price target on shares of Global Payments from $72.00 to $80.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Finally, analysts at SunTrust raised their price target on shares of Global Payments from $64.00 to $67.00 in a research note on Thursday, July 31st.
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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