In a report released today, Ramsey El Assal from Barclays maintained a Buy rating on Global Payments Inc (GPN), with a price target of $145. The company’s shares closed on Friday at $123.30.
According to TipRanks.com, Assal is a 5-star analyst with an average return of 23.6% and a 81.1% success rate. Assal covers the Technology sector, focusing on stocks such as Alliance Data Systems, Paypal Holdings, and First Data Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Global Payments Inc with a $133.47 average price target, representing an 8.2% upside. In a report issued on February 13, Cantor Fitzgerald also maintained a Buy rating on the stock with a $143 price target.
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Based on Global Payments Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $75.21 million. In comparison, last year the company had a net profit of $242 million.
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Global Payments, Inc. engages in the provision of payment technology and software solutions. It operates through the following geographical segments: North America, Europe, and Asia-Pacific.
