Impact of Brokerage Rating on Global Payments Inc.(GPN)

Many Global Payments Inc.(GPN) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Global Payments Inc was Initiated by Cantor Fitzgerald to Overweight on Jan 27, 2017. Company shares were Reiterated by RBC Capital Mkts on Jan 10, 2017 to Outperform, Raises Price Target to $ 88 from a previous price target of $87 .Company shares were Reiterated by Stifel on Jan 10, 2017 to Buy, Raises Price Target to $ 92 from a previous price target of $85 .Global Payments Inc was Initiated by Guggenheim on Dec 20, 2016 to Buy, Price Target of the shares are set at $82.

Company has reported several Insider transactions to the SEC, on Jan 20, 2017, Michael W Trapp (director) sold 5,000 shares at 79.44 per share price.On Jan 20, 2017, Robert H B Jr Baldwin (director) sold 6,500 shares at 78.83 per share price.On Jan 13, 2017, William I Jacobs (director) sold 600 shares at 77.47 per share price.

Global Payments Inc Last issued its quarterly earnings results on Jan 9, 2017. The company reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $0.84. The company had revenue of $941.80 million for the quarter, compared to analysts expectations of $802.15 million. The companys revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Global Payments Inc. (NYSE:GPN) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.92 by 24 Brokerage Firm. 13 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 8 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Global Payments Inc. (NYSE:GPN): According to 17 Analysts, The short term target price has been estimated at $ 84.47.The target price could deviate by a maximum of $6.36 from the forecast price. In the near term, the target price could hit a high of $93 and a low of $ 72.

Global Payments Inc. (NYSE:GPN) rose 1.27% or 0.99 points on Tuesday and made its way into the gainers of the day. After trading began at $78.15 the stock was seen hitting $79.3 as a peak level and $77.97 as the lowest level. The stock ended up at $79.21. The daily volume was measured at 858,097 shares. The 52-week high of the share price is $80.88 and the 52-week low is $56.64. The company has a market cap of $12,061 million.

Global Payments Inc. is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations, financial institutions, government agencies and multi- national corporations located throughout the United States, Canada, Latin America and Europe. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery, as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco, and the Philippines.


Share this post

Leave a Reply