KBW analyst Sanjay Sakhrani reiterated a Buy rating on Worldpay Inc (NYSE: WP) yesterday and set a price target of $115. The company’s shares closed yesterday at $101.82, close to its 52-week high of $103.50.
According to TipRanks.com, Sakhrani is a 5-star analyst with an average return of 15.1% and a 77.3% success rate. Sakhrani covers the Financial sector, focusing on stocks such as Santander Consumer USA, Synchrony Financial, and American Express.
Currently, the analyst consensus on Worldpay Inc is a Strong Buy with an average price target of $107.55, which is a 5.6% upside from current levels. In a report issued on September 26, BMO Capital also initiated coverage with a Buy rating on the stock with a $129 price target.
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Based on Worldpay Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $2.9 million. In comparison, last year the company had a net profit of $92.12 million.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock.
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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.
