Mizuho Securities analyst Thomas McCrohan reiterated a Buy rating on Worldpay Inc (WP) today and set a price target of $100. The company’s shares closed yesterday at $75.75, close to its 52-week low of $70.41.
According to TipRanks.com, McCrohan is a 4-star analyst with an average return of 11.1% and a 52.4% success rate. McCrohan covers the Technology sector, focusing on stocks such as Total System Services, First Data Corp, and Square Inc.
Worldpay Inc has an analyst consensus of Strong Buy, with a price target consensus of $107.43, which is a 41.8% upside from current levels. 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.
