Research analysts at JPMorgan Chase & Co. started coverage on shares of Worldpay (NYSE:WP) in a research note issued to investors on Friday. The firm set an “overweight” rating and a $89.00 price target on the business services provider’s stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 13.04% from the stock’s current price.
A number of other brokerages have also recently issued reports on WP. BMO Capital Markets raised shares of Worldpay from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Goldman Sachs Group reissued a “buy” rating and issued a $96.00 price objective on shares of Worldpay in a research note on Wednesday. Barclays initiated coverage on shares of Worldpay in a research note on Wednesday. They issued an “overweight” rating and a $90.00 price objective for the company. Stephens initiated coverage on shares of Worldpay in a research note on Thursday, January 11th. They issued an “overweight” rating and a $89.00 price objective for the company. Finally, Mizuho reissued a “hold” rating and issued a $80.00 price objective on shares of Worldpay in a research note on Thursday, January 4th. Seven equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Worldpay currently has an average rating of “Buy” and an average target price of $81.55.
Shares of Worldpay (WP) traded down $0.35 during mid-day trading on Friday, reaching $78.73. 8,926,724 shares of the company’s stock were exchanged, compared to its average volume of 4,100,000. Worldpay has a twelve month low of $59.10 and a twelve month high of $79.73. The stock has a market capitalization of $14,000.00, a PE ratio of 54.67, a P/E/G ratio of 1.55 and a beta of 0.58. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 7.45.
Worldpay (NYSE:WP) last announced its earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.01. Worldpay had a net margin of 10.34% and a return on equity of 36.43%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $551.77 million. During the same period in the prior year, the company earned $0.71 earnings per share. The firm’s revenue was up 13.1% on a year-over-year basis. sell-side analysts predict that Worldpay will post 3.16 earnings per share for the current year.
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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.