KeyBanc Maintains a Buy Rating on Worldpay Inc (WP)


In a report released today, Josh Beck from KeyBanc maintained a Buy rating on Worldpay Inc (WP), with a price target of $90. The company’s shares closed on Monday at $76.43.

According to TipRanks.com, Beck is a 5-star analyst with an average return of 18.2% and a 57.8% success rate. Beck covers the Technology sector, focusing on stocks such as Total System Services, Pagseguro Digital Ltd, and Global Payments Inc.

Worldpay Inc has an analyst consensus of Strong Buy, with a price target consensus of $108.56, representing a 42.0% upside. In a report issued on December 21, Susquehanna also reiterated a Buy rating on the stock with a $110 price target.

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Based on Worldpay Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $2.8 million. In comparison, last year the company had a GAAP net loss of $59.67 million.

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Worldpay, Inc. engages in the provision of payments processing technology and solutions. It operates through the Merchant Services and Financial Institution Services segment. The Merchant Services segment processes credit and debit card transactions.

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