Research analysts at Morgan Stanley initiated coverage on shares of Worldpay (NYSE:WP) in a research note issued to investors on Monday, The Fly reports. The brokerage set an “overweight” rating on the business services provider’s stock.
WP has been the topic of several other reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $82.00 target price on shares of Worldpay in a report on Thursday, September 28th. Citigroup reissued a “buy” rating and issued a $83.00 target price on shares of Worldpay in a report on Monday, September 25th. Nomura reissued a “buy” rating and issued a $85.00 target price on shares of Worldpay in a report on Friday, September 29th. Royal Bank of Canada reissued a “buy” rating and issued a $78.00 target price on shares of Worldpay in a report on Friday, October 13th. Finally, Robert W. Baird reissued a “buy” rating and issued a $82.00 target price on shares of Worldpay in a report on Thursday, October 12th. Seven investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $81.90.
Shares of Worldpay (NYSE:WP) opened at $78.73 on Monday. The firm has a market capitalization of $14,000.00, a price-to-earnings ratio of 54.67, a P/E/G ratio of 1.57 and a beta of 0.58. Worldpay has a 12 month low of $59.10 and a 12 month high of $79.73. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.45.
Worldpay (NYSE:WP) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.01. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $551.77 million. Worldpay had a return on equity of 41.19% and a net margin of 6.07%. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 earnings per share. analysts predict that Worldpay will post 3.16 EPS for the current year.
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Worldpay Company Profile
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.