Worldpay (WP) Raised to “Outperform” at BMO Capital Markets

BMO Capital Markets upgraded shares of Worldpay (NYSE:WP) from a market perform rating to an outperform rating in a research report released on Wednesday.

A number of other analysts have also commented on the stock. Goldman Sachs Group reaffirmed a buy rating and set a $96.00 target price on shares of Worldpay in a report on Wednesday. Barclays assumed coverage on shares of Worldpay in a report on Wednesday. They set an overweight rating and a $90.00 target price for the company. Stephens assumed coverage on shares of Worldpay in a report on Thursday, January 11th. They set an overweight rating and a $89.00 target price for the company. Mizuho reaffirmed a hold rating and set a $80.00 target price on shares of Worldpay in a report on Thursday, January 4th. Finally, SunTrust Banks lifted their target price on shares of Worldpay from $69.00 to $77.00 and gave the stock a hold rating in a report on Thursday, January 4th. Seven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Worldpay presently has an average rating of Buy and an average target price of $81.29.

Worldpay (WP) traded up $1.19 during mid-day trading on Wednesday, reaching $79.08. 12,719,318 shares of the company traded hands, compared to its average volume of 3,810,000. 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 has a 1 year low of $59.10 and a 1 year high of $79.30. The company has a market cap of $14,060.00, a PE ratio of 54.92, a PEG ratio of 1.55 and a beta of 0.58.

Worldpay (NYSE:WP) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. Worldpay had a net margin of 10.34% and a return on equity of 36.43%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $551.77 million. During the same quarter in the previous year, the company posted $0.71 EPS. Worldpay’s revenue was up 13.1% on a year-over-year basis. equities research analysts anticipate that Worldpay will post 3.16 earnings per share for the current year.

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About Worldpay

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)

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