KBW analyst Vasundhara Govil maintained a Buy rating on Global Payments (GPN – Research Report) yesterday and set a price target of $158.00. The company’s shares closed yesterday at $138.98.
Govil covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Euronet Worldwide, and Fiserv. According to TipRanks, Govil has an average return of 10.3% and a 78.26% success rate on recommended stocks.
Currently, the analyst consensus on Global Payments is a Strong Buy with an average price target of $156.89, a 12.89% upside from current levels. In a report released today, TD Cowen also reiterated a Buy rating on the stock with a $160.00 price target.
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Based on Global Payments’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.48 billion and a net profit of $361.83 million. In comparison, last year the company earned a revenue of $2.29 billion and had a net profit of $290.45 million
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GPN in relation to earlier this year.
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Global Payments (GPN) Company Description:
Georgia-based Global Payments, Inc. provides payment technology and software solutions for card, electronic, check, and digital-based payments in North America, Europe, the Asia-Pacific, and Latin America. The company operates through the following segments: Merchant Solutions, Issuer Solutions and Business & Consumer Solutions.
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