Global Payments Given Consensus Recommendation of “Hold” by Analysts (NYSE:GPN)
Shares of Global Payments (NYSE:GPN) have earned an average rating of “Hold” from the twenty-three ratings firms that are presently covering the company, Analyst Ratings.Net reports. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $74.55.
Shares of Global Payments (NYSE:GPN) opened at 72.13 on Tuesday. Global Payments has a 1-year low of $47.35 and a 1-year high of $74.46. The stock’s 50-day moving average is $71.46 and its 200-day moving average is $69.76. The company has a market cap of $4.918 billion and a P/E ratio of 21.37.
Global Payments (NYSE:GPN) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. 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. Investors 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.
In other Global Payments news, Director Gerald J. Wilkins sold 2,250 shares of Global Payments stock 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 document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on GPN shares. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.