After Wells Fargo and Citigroup gave Global Payments (NYSE: GPN) a Buy rating last month, the company received another Buy, this time from KBW. Analyst Steven Kwok maintained a Buy rating on Global Payments today and set a price target of $200.00. The company’s shares closed last Thursday at $176.00.
Kwok has an average return of 20.0% when recommending Global Payments.
According to TipRanks.com, Kwok is ranked #346 out of 6523 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Global Payments with a $193.75 average price target, which is an 11.2% upside from current levels. In a report issued on April 29, Robert W. Baird also maintained a Buy rating on the stock with a $182.00 price target.
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Global Payments’ market cap is currently $51.05B and has a P/E ratio of 74.50. The company has a Price to Book ratio of -5.38.
Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is neutral on the stock.
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Global Payments, Inc. engages in the provision of payment technology and software solutions. It operates through the following segments: Merchant Solutions, Issuer Solutions and Business & Consumer Solutions. The Merchant Solutions segment provides payments technology and software solutions to customers globally. It also provides a variety of value-added services, including specialty point-of-sale solutions, analytic and engagement tools, payroll services and reporting that assist customers with driving demand. The Issuer Solutions segment provides solutions that enable financial institutions and other financial service providers to manage their card portfolios, reduce technical complexity and overhead and offer a seamless experience for cardholders on a single platform. It also provides commercial payments and e Payables solutions that support business-to-business payment processes for businesses and governments. The Business and Consumer Solutions segment provides general purpose reloadable prepaid debit and payroll cards, demand deposit accounts and other financial service solutions to the under banked and other consumers and businesses in the United States through Netspend brand. The company was founded in January 31, 2001 and is headquartered in Atlanta, GA.
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