Global Payments (NYSE:GPN) Stock Price Target Raised at KeyCorp

Global Payments (NYSE:GPN – Get Free Report) had its target price upped by analysts at KeyCorp from $105.00 to $112.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. KeyCorp‘s price objective points to a potential upside of 15.82% from the stock’s current price.

A number of other analysts also recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on Global Payments from $76.00 to $95.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Barclays set a $89.00 price target on shares of Global Payments and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Oppenheimer raised shares of Global Payments from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Thursday, October 8th. Weiss Ratings upgraded shares of Global Payments from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Finally, William Blair reaffirmed a “market perform” rating on shares of Global Payments in a research note on Friday, October 30th. Thirteen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Global Payments currently has a consensus rating of “Hold” and an average target price of $95.79.

Get Our Latest Analysis on GPN

Global Payments Trading Up 1.8%

NYSE GPN opened at $96.70 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The stock’s 50-day simple moving average is $86.62 and its two-hundred day simple moving average is $77.41. Global Payments has a twelve month low of $61.16 and a twelve month high of $101.32. The company has a market capitalization of $25.59 billion, a price-to-earnings ratio of -32.62, a PEG ratio of 0.47 and a beta of 0.83.

Global Payments (NYSE:GPN – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The business services provider reported $3.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.58. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%. The company’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.26 EPS. Research analysts forecast that Global Payments will post 13.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Global Payments

Institutional investors and hedge funds have recently bought and sold shares of the stock. Gtcr LLC bought a new stake in Global Payments in the first quarter valued at approximately $2,911,939,000. Pzena Investment Management LLC bought a new position in shares of Global Payments in the second quarter worth approximately $848,344,000. Deutsche Bank AG bought a new position in shares of Global Payments in the second quarter worth approximately $138,781,000. Legal & General Group Plc purchased a new position in shares of Global Payments in the second quarter worth $120,036,000. Finally, Davis Asset Management L.P. purchased a new position in shares of Global Payments in the second quarter worth $107,752,000. 89.76% of the stock is currently owned by institutional investors.

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About Global Payments

(Get Free Report)

Global Payments Inc (NYSE:GPN) is a financial technology and payments company that provides software and payment solutions to businesses, financial institutions and other organizations. Its services help merchants accept payments through credit cards, debit cards, digital wallets and other electronic methods across in-store, online and mobile channels.

The company offers payment processing, point-of-sale technology, commerce management software, payment security and reporting tools. Its solutions are used in industries including retail, restaurants, hospitality, healthcare, education and government.

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Analyst Recommendations for Global Payments (NYSE:GPN)

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