Analysts at Credit Suisse Group initiated coverage on shares of Worldpay (NYSE:WP) in a research note issued to investors on Monday, The Fly reports. The firm set an “outperform” rating on the business services provider’s stock.
Other research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods reissued a “buy” rating and set a $82.00 price objective on shares of Worldpay in a research note on Thursday, September 28th. Citigroup reissued a “buy” rating and set a $83.00 price objective on shares of Worldpay in a research note on Monday, September 25th. Nomura reissued a “buy” rating and set a $85.00 price objective on shares of Worldpay in a research note on Friday, September 29th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $78.00 target price on shares of Worldpay in a research note on Friday, October 13th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $82.00 target price on shares of Worldpay in a research note on Thursday, October 12th. Seven equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $81.90.
Shares of Worldpay (NYSE:WP) traded down $0.35 on Monday, hitting $78.73. 8,926,700 shares of the stock were exchanged, compared to its average volume of 7,078,177. 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 has a fifty-two week low of $59.10 and a fifty-two week high of $79.73. The stock has a market cap of $14,050.00, a PE ratio of 54.67, a price-to-earnings-growth ratio of 1.57 and a beta of 0.58.
Worldpay (NYSE:WP) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.01. Worldpay had a net margin of 6.07% and a return on equity of 41.19%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $551.77 million. During the same period last year, the company posted $0.71 EPS. The company’s revenue was up 13.1% on a year-over-year basis. equities analysts expect 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.