Worldpay (WP) PT Raised to $93.00

Worldpay (NYSE:WP) had its target price raised by stock analysts at KeyCorp from $90.00 to $93.00 in a research note issued on Wednesday. The firm currently has an “overweight” rating on the business services provider’s stock. KeyCorp’s price objective suggests a potential upside of 16.79% from the stock’s previous close.

Several other equities research analysts also recently commented on WP. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $82.00 target price on shares of Worldpay in a research report on Thursday, September 28th. BidaskClub downgraded shares of Worldpay from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Nomura reiterated a “buy” rating and set a $85.00 target price on shares of Worldpay in a research report on Friday, September 29th. Buckingham Research started coverage on shares of Worldpay in a research report on Monday, October 2nd. They set a “neutral” rating and a $78.00 target price on the stock. Finally, SunTrust Banks reiterated a “hold” rating and set a $71.00 target price on shares of Worldpay in a research report on Friday, October 6th. Seven analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $82.80.

Worldpay (WP) traded up $1.09 on Wednesday, hitting $79.63. 10,790,861 shares of the stock were exchanged, compared to its average volume of 4,640,000. Worldpay has a one year low of $59.10 and a one year high of $79.80. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 7.45. The firm has a market cap of $14,150.00, a P/E ratio of 55.30, a P/E/G ratio of 1.57 and a beta of 0.58.

Worldpay (NYSE:WP) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Worldpay had a net margin of 6.07% and a return on equity of 41.19%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $551.77 million. During the same period last year, the company posted $0.71 EPS. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. equities analysts predict that Worldpay will post 3.16 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Worldpay (WP) PT Raised to $93.00” was originally published by American Banking and Market News and is the sole property of of American Banking and Market News. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/01/24/worldpay-wp-pt-raised-to-93-00.html.

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.

Analyst Recommendations for Worldpay (NYSE:WP)