In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Buy rating on Worldpay Inc (NYSE: WP), with a price target of $92. The company’s shares closed yesterday at $84.49, close to its 52-week high of $85.53.
Foresi observed:
“1Q18 revenues and earnings top estimates. Worldpay reported 1Q18 net revenue of $850.7 mn, an 81% y/y increase (+12% pro forma), above our estimate of $833 mn and the FactSet consensus of the $839 mn. Adjusted EBITDA margins were down 70 bps y/y to 44.0%. Adjusted EPS was $0.81, vs. our estimate of $0.78 and the consensus of $0.77, up 19% y/y.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 17.5% and a 83.5% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Exlservice Holdings.
Worldpay Inc has an analyst consensus of Strong Buy, with a price target consensus of $91.85.
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Worldpay Inc’s market cap is currently $13.74B and has a P/E ratio of 106.95. The company has a Price to Book ratio of 25.80.
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Worldpay, Inc. engages in payments processing technology and solutions. Its products include card machines, integrated point-of-sale, virtual terminal, card payments, mobile wallets, accounting integration, ATM services, Treasury services, PCI compliance, EMV and other. The company was founded on January 2018 and is headquartered in Symmes Township, OH.
