Global Payments Inc. (GPN) Stock Rating Reaffirmed by SunTrust Banks, Inc.

Global Payments Inc. (NYSE:GPN)‘s stock had its “buy” rating reiterated by equities researchers at SunTrust Banks, Inc. in a note issued to investors on Friday. They currently have a $120.00 target price on the business services provider’s stock. SunTrust Banks, Inc.’s price objective would indicate a potential upside of 21.40% from the stock’s previous close.

Several other research firms also recently commented on GPN. Credit Suisse Group reaffirmed an “outperform” rating on shares of Global Payments in a research note on Tuesday, September 5th. Deutsche Bank AG reaffirmed a “buy” rating and set a $115.00 price objective (up from $100.00) on shares of Global Payments in a research note on Tuesday, October 10th. Robert W. Baird reaffirmed a “buy” rating and set a $106.00 price objective on shares of Global Payments in a research note on Tuesday, September 5th. Zacks Investment Research raised Global Payments from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Wednesday, October 11th. Finally, Barclays PLC upped their price objective on Global Payments from $105.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $104.56.

Shares of Global Payments (NYSE GPN) opened at $98.85 on Friday. Global Payments has a fifty-two week low of $64.63 and a fifty-two week high of $104.83. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.20. The firm has a market capitalization of $15,806.02, a PE ratio of 26.70, a PEG ratio of 1.82 and a beta of 1.14.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.12. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $917.31 million. During the same period in the previous year, the business earned $0.89 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. analysts anticipate that Global Payments will post 3.75 earnings per share for the current fiscal year.

WARNING: This piece was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.dispatchtribunal.com/2017/11/12/global-payments-inc-gpn-stock-rating-reaffirmed-by-suntrust-banks-inc.html.

In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $99.82, for a total transaction of $2,595,320.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 5,600 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $94.58, for a total value of $529,648.00. Following the sale, the director now owns 178,177 shares in the company, valued at approximately $16,851,980.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,755 shares of company stock worth $7,535,230. 0.93% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Sun Life Financial INC grew its holdings in Global Payments by 15,728.6% during the 2nd quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock valued at $100,000 after buying an additional 1,101 shares during the last quarter. Thompson Davis & CO. Inc. grew its holdings in Global Payments by 0.8% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock valued at $108,000 after buying an additional 10 shares during the last quarter. Intellectus Partners LLC acquired a new stake in Global Payments during the 2nd quarter valued at $128,000. Commonwealth Bank of Australia grew its holdings in Global Payments by 13.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock valued at $131,000 after buying an additional 176 shares during the last quarter. Finally, Stephens Inc. AR purchased a new position in shares of Global Payments during the 2nd quarter worth $143,000. Hedge funds and other institutional investors own 98.10% of the company’s stock.

Global Payments Company Profile

Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.

Analyst Recommendations for Global Payments (NYSE:GPN)

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

Leave a Reply