SunTrust Banks Boosts Global Payments (NYSE:GPN) Price Target to $245.00

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Global Payments (NYSE:GPN) had its target price upped by equities researchers at SunTrust Banks from $210.00 to $245.00 in a research note issued on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the business services provider’s stock. SunTrust Banks’ price objective suggests a potential upside of 18.72% from the company’s previous close.

Several other analysts have also recently issued reports on the company. Deutsche Bank increased their target price on Global Payments from $182.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. ValuEngine upgraded Global Payments from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. Robert W. Baird increased their target price on Global Payments from $212.00 to $222.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Jefferies Financial Group increased their target price on Global Payments from $195.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Cfra increased their target price on Global Payments from $184.00 to $215.00 and gave the stock a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $210.42.

Shares of GPN opened at $206.37 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $194.12 and a two-hundred day simple moving average of $174.32. The stock has a market cap of $62.02 billion, a price-to-earnings ratio of 87.45, a PEG ratio of 1.54 and a beta of 1.00. Global Payments has a 52 week low of $120.20 and a 52 week high of $206.18.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.11. Global Payments had a return on equity of 7.25% and a net margin of 8.77%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the business posted $1.33 earnings per share. The business’s quarterly revenue was up 125.7% on a year-over-year basis. On average, equities analysts anticipate that Global Payments will post 7.25 earnings per share for the current fiscal year.

In related news, Director Joia M. Johnson acquired 560 shares of the stock in a transaction dated Monday, December 2nd. The stock was acquired at an average cost of $178.45 per share, with a total value of $99,932.00. Following the purchase, the director now directly owns 2,347 shares of the company’s stock, valued at $418,822.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $179.70, for a total value of $107,820.00. Following the completion of the sale, the director now directly owns 27,188 shares of the company’s stock, valued at $4,885,683.60. The disclosure for this sale can be found here. 0.88% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of GPN. First Financial Corp IN bought a new stake in shares of Global Payments in the 3rd quarter valued at approximately $27,000. Tarbox Family Office Inc. lifted its stake in shares of Global Payments by 130.7% in the 3rd quarter. Tarbox Family Office Inc. now owns 173 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 98 shares during the last quarter. Virtus ETF Advisers LLC bought a new stake in shares of Global Payments in the 4th quarter valued at approximately $29,000. Evoke Wealth LLC bought a new stake in shares of Global Payments in the 3rd quarter valued at approximately $30,000. Finally, Resources Management Corp CT ADV bought a new stake in shares of Global Payments in the 3rd quarter valued at approximately $32,000. 87.83% of the stock is owned by institutional investors and hedge funds.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and online reporting services.

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The Fly

Analyst Recommendations for Global Payments (NYSE:GPN)

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