Worldpay Inc (WP) Received its Third Buy in a Row


After Nomura and Robert W. Baird gave Worldpay Inc (NYSE: WP) a Buy rating last month, the company received another Buy, this time from Guggenheim. Analyst Jeff Cantwell reiterated a Buy rating on Worldpay Inc yesterday and set a price target of $97. The company’s shares opened today at $80.88.

According to TipRanks.com, Cantwell is a 4-star analyst with an average return of 6.7% and a 53.8% success rate. Cantwell covers the Financial sector, focusing on stocks such as American Express, Mastercard, and Green Dot.

Currently, the analyst consensus on Worldpay Inc is a Strong Buy with an average price target of $112.87, implying a 39.6% upside from current levels. In a report issued on December 11, Stephens also reiterated a Buy rating on the stock with a $102 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 net profit of $92.12 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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