KeyCorp Forecasts Strong Price Appreciation for Global Payments (NYSE:GPN) Stock

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

Several other equities analysts have also commented on GPN. Royal Bank Of Canada restated a “sector perform” rating and set a $106.00 price target (up from $102.00) on shares of Global Payments in a research report on Monday, August 31st. HC Wainwright assumed coverage on Global Payments in a research note on Thursday, August 6th. They issued a “buy” rating for the company. Oppenheimer upgraded shares of Global Payments from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a report on Thursday, October 8th. Robert W. Baird set a $120.00 target price on Global Payments in a report on Thursday, August 6th. Finally, Wells Fargo & Company decreased their price target on shares of Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Thirteen equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $95.79.

View Our Latest Report on GPN

Global Payments Stock Performance

NYSE:GPN opened at $96.70 on Friday. Global Payments has a twelve month low of $61.16 and a twelve month high of $101.32. The firm 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. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. The firm’s fifty day simple moving average is $86.62 and its 200 day simple moving average is $77.41.

Global Payments (NYSE:GPN – Get Free Report) last announced its earnings results 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 business had revenue of $3.18 billion for the quarter, compared to analyst estimates 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 previous year, the company earned $3.26 earnings per share. As a group, equities research analysts expect that Global Payments will post 13.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Gtcr LLC bought a new position in shares of Global Payments in the first quarter worth approximately $2,911,939,000. Pzena Investment Management LLC purchased a new stake in Global Payments in the second quarter valued at approximately $848,344,000. Dimensional Fund Advisors LP lifted its position in Global Payments by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,117,172 shares of the business services provider’s stock valued at $142,478,000 after purchasing an additional 23,293 shares during the last quarter. Deutsche Bank AG bought a new stake in Global Payments during the second quarter valued at approximately $138,781,000. Finally, Legal & General Group Plc bought a new stake in Global Payments during the second quarter valued at approximately $120,036,000. Institutional investors own 89.76% of the company’s stock.

Global Payments News Summary

Here are the key news stories impacting Global Payments this week:

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.

Further Reading

Analyst Recommendations for Global Payments (NYSE:GPN)

Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter.