Worldpay (WP) Upgraded to Outperform at BMO Capital Markets

Worldpay (NYSE:WP) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Wednesday, The Fly reports.

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $82.00 price objective on shares of Worldpay in a report on Thursday, September 28th. Citigroup reaffirmed a “buy” rating and set a $83.00 price objective on shares of Worldpay in a report on Monday, September 25th. Nomura reaffirmed a “buy” rating and set a $85.00 price objective on shares of Worldpay in a report on Friday, September 29th. Royal Bank of Canada reaffirmed a “buy” rating and set a $78.00 price objective on shares of Worldpay in a report on Friday, October 13th. Finally, Robert W. Baird reissued a “buy” rating and set a $82.00 price target on shares of Worldpay in a report on Thursday, October 12th. Seven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Worldpay presently has an average rating of “Buy” and an average price target of $81.29.

Shares of Worldpay (WP) traded down $0.37 during mid-day trading on Wednesday, hitting $77.89. The company’s stock had a trading volume of 5,067,561 shares, compared to its average volume of 3,760,000. The stock has a market capitalization of $13,740.00, a price-to-earnings ratio of 54.09, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58. Worldpay has a 12 month low of $59.10 and a 12 month high of $79.03. The company has a debt-to-equity ratio of 7.45, a quick ratio of 0.72 and a current ratio of 0.72.

Worldpay (NYSE:WP) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $551.77 million. Worldpay had a return on equity of 36.43% and a net margin of 10.34%. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. research analysts forecast that Worldpay will post 3.16 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by American Market News and is the sole property of of American Market News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/17/worldpay-wp-upgraded-to-outperform-at-bmo-capital-markets.html.

About Worldpay

Worldpay, Inc, formerly Vantiv, Inc, is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.