Weekly Analysts’ Ratings Changes for VeriFone Systems (PAY)

Several analysts have recently updated their ratings and price targets for VeriFone Systems (NYSE: PAY):

  • 12/19/2017 – VeriFone Systems had its “buy” rating reaffirmed by analysts at Tigress Financial. They wrote, “Well Positioned for the Next Era of Big Data We are initiating coverage of Cloudera with a BUY rating and 12-month price target of $24.00. In our view, Cloudera represents a high-growth play on the next-generation IT architecture required by leading organizations with a focus on the Big Data trend, leveraging new AI capabilities and riding the open source software phenomenon. Similar to other next-generation software companies we have covered over the years, we believe the Street is still trying to better understand Cloudera and the valuation remains reasonable for a high-growth company, opening up attractive upside potential for the stock in 2018. Leveraging enterprise-grade Apache Hadoop, Apache Spark and other open source software technologies, combined with proprietary innovations, Cloudera has evolved into a Big Data platform that supports machine learning, analytics and the cloud.””
  • 12/18/2017 – VeriFone Systems was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “VeriFone’s fourth-quarter fiscal 2017 results benefited from strong revenue growth in Latin America and Europe, Middle East and Africa. However, the company’s business has been affected by macroeconomic headwinds in emerging markets, which has resulted in increased pricing pressure for the company. Increasing competition and sluggishness in the Asia-Pacific and North America regions also poses concern. Divestitures of the Petro Media and the Taxi businesses will hurt top-line growth in the near term. Given the highly leveraged balance sheet, higher interest rate on its debt is also expected to continue to negatively impact profitability. Shares have underperformed the broader industry on a year-to-date basis. However, the company’s focus on strengthening its product portfolio and increasing clientele will likely be a key growth driver going ahead.”
  • 12/15/2017 – VeriFone Systems had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $21.00 price target on the stock.
  • 12/13/2017 – VeriFone Systems had its price target raised by analysts at Credit Suisse Group AG from $20.00 to $21.00. They now have a “neutral” rating on the stock.
  • 11/26/2017 – VeriFone Systems was downgraded by analysts at Raymond James Financial, Inc. from a “strong-buy” rating to an “outperform” rating.
  • 11/16/2017 – VeriFone Systems was downgraded by analysts at Raymond James Financial, Inc. from a “strong-buy” rating to an “outperform” rating. They now have a $22.00 price target on the stock, down previously from $25.00.
  • 11/16/2017 – VeriFone Systems was downgraded by analysts at UBS Group AG from a “strong-buy” rating to an “outperform” rating.
  • 11/15/2017 – VeriFone Systems was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “VeriFone shares have underperformed the broader industry on a year-to-date basis. The company’s business has been affected by macroeconomic headwinds in emerging markets, which has resulted in increased pricing pressure for the company. Increasing competition and sluggishness in the Asia-Pacific and North America regions also poses concern. VeriFone continues to acquire a large number of companies which heightens integration risks. Given the highly leveraged balance sheet, higher interest rate on its debt is also expected to continue to negatively impact profitability. However, the company’s focus on strengthening its product portfolio and increasing clientele will likely be a key growth driver going ahead. Estimates have been stable lately ahead of the company’s Q4 earnings release. The company has mixed record of earnings surprises in recent quarters.”

VeriFone Systems Inc (NYSE PAY) opened at $17.65 on Monday. The firm has a market capitalization of $1,980.00, a P/E ratio of -11.39, a price-to-earnings-growth ratio of 1.43 and a beta of 1.96. The company has a current ratio of 1.33, a quick ratio of 1.09 and a debt-to-equity ratio of 0.97. VeriFone Systems Inc has a 12-month low of $16.80 and a 12-month high of $21.48.

VeriFone Systems (NYSE:PAY) last announced its quarterly earnings results on Tuesday, December 12th. The business services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $477.00 million for the quarter, compared to the consensus estimate of $472.33 million. VeriFone Systems had a positive return on equity of 13.52% and a negative net margin of 9.29%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. equities analysts forecast that VeriFone Systems Inc will post 1.2 EPS for the current year.

VeriFone Systems, Inc offers payments and commerce solutions. The Company is engaged in designing, manufacturing, marketing and supplying a range of payment solutions and complementary services. It provides solutions and services for the retail point-of-sale (POS) that enable various forms of commerce.

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