Cantor Fitzgerald analyst Joseph Foresi maintained a Buy rating on Global Payments Inc (NYSE: GPN) today and set a price target of $136. The company’s shares closed yesterday at $108.84.
Foresi noted:
“: We maintain our Overweight rating and 12-month price target of $136 on GPN*. Global Payments reported quarterly EPS results above expectations. The company raised guidance for 2018. We look to the call for more color on geographic segment performance, new opportunities, recent acquisition integrations, and the overall demand environment.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 16.2% and a 73.6% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.
Global Payments Inc has an analyst consensus of Strong Buy, with a price target consensus of $133.50, which is a 22.7% upside from current levels. In a report issued on October 17, Robert W. Baird also reiterated a Buy rating on the stock with a $142 price target.
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The company has a one-year high of $129.25 and a one-year low of $95.32. Currently, Global Payments Inc has an average volume of 1.11M.
Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock. Last month, Cameron Bready, the Senior Executive VP and CFO of GPN sold 57,737 shares for a total of $7,377,471.
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Global Payments, Inc. engages in the provision of payment technology services. It operates through the following segments: North America, Europe, and Asia-Pacific. The North America segment offers numerous services and solutions, including: restaurant, hospitality, retail, convenience stores and petroleum, professional services, automotive, and lodging.
