Global Payments (NYSE:GPN) Target Raised by Oppenheimer Holdings Inc. to $202.00

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Global Payments stock has undergone multiple analysts rating changes in the recent past.  Global Payments stock Target Raised by   Oppenheimer Holdings Inc. on 6/29/2020. In a note to investors, the firm issued a new target price of $202.00. The analysts previously had $190.00 target price. Oppenheimer Holdings Inc.’s price target would indicate a potential upside of 22.42% from the stock’s previous close.

Shares of Global Payments traded up $2.94 on Monday, reaching $165.86. 1241401 shares of the stock traded hands, compared to its average volume of #N/A. Shares of were trading at $165.86 on Monday. The firm’s 50 day moving average is $172.26 and its 200 day moving average is 172.87.Global Payments  has a 12 month low of $161.91 and a 12 month high of $209.62. While on yearly highs and lows, Global Payments today has traded high as $166.83 and has touched $161.91 on the downward trend.

Global Payments Earnings and What to expect: 

Global Payments last posted its earnings data on May 6th, 2020. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.05. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Its revenue for the quarter was up 115.6% compared to the same quarter last year. Global Payments has generated $5.86 earnings per share over the last year and currently has a price-to-earnings ratio of 77.9. Global Payments has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 4th, 2020 based off prior year’s report dates.

Earnings for Global Payments are expected to grow by 27.39% in the coming year, from $5.66 to $7.21 per share. The P/E ratio of Global Payments is 77.82, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.03. The P/E ratio of Global Payments is 77.82, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 21.70. Global Payments has a PEG Ratio of 1.88. PEG Ratios above 1 indicate that a company could be overvalued. Global Payments has a P/B Ratio of 1.78. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.88%
  • On 6/12/2020 Director Robert H B Baldwin Jr Sell 64 at average share price of $178.37 which equates to $11,415.68 in money value.
  • On 5/19/2020 Director John Thompson Turner Sell 379 at average price of  $181.93 with total value of : Not Data Available
  • On 5/8/2020 EVP Guido Francesco Sacchi Sell 8,754 at average price of  $174.31 with total value of : $1,525,909.74
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Global Payments

  • 6/15/2020 – Global Payments is now covered by analysts at Argus. They set a “buy” rating and a $220.00 price target on the stock. ()
  • 5/13/2020 – Global Payments was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $176.00 price target on the stock. ()
  • 5/12/2020 – Global Payments had its price target raised by analysts at UBS Group AG from $216.00 to $221.00. They now have a “buy” rating on the stock. ()
  • 5/11/2020 – Global Payments had its price target raised by analysts at Barclays PLC from $180.00 to $195.00. They now have an “overweight” rating on the stock. ()
  • See More Analyst Rating at: RATING

Other rating updates by Oppenheimer Holdings Inc.: 

  • 6/29/2020 – Fidelity National Information Servcs had its price target raised by analysts at Oppenheimer Holdings Inc. from $145.00 to $161.00. They now have an “outperform” rating on the stock. ()
  • 6/29/2020 – Intercept Pharmaceuticals was downgraded by analysts at Oppenheimer Holdings Inc. from an “outperform” rating to a “market perform” rating. They now have a $46.00 price target on the stock, down previously from $124.00. ()
  • 6/29/2020 – Kaleyra is now covered by analysts at Oppenheimer Holdings Inc.. They set an “outperform” rating and a $12.00 price target on the stock. ()
  • 6/29/2020 – Fortinet had its “buy” rating re-affirmed by analysts at Oppenheimer Holdings Inc.. They now have a $160.00 price target on the stock. ()
  • See More Analyst Rating at: RATING

Global Payments (NYSE:GPN) Moving Average Technical Analysis

5 day Moving Average is $167.99 And 5 day price change is -11.91 (-6.72%)  with average volume for 5 day average is 3,929,485. While technical analysis for average 20 days shows significant difference, 20 day moving average is  179.12 and 20 day price change is -16.31 (-8.98%) and average 20 day moving volume is 2,353,136. 50 day moving average is 172.26  and 50 day price change is 10.49 ( 0.0677)  and with average volume for 50 days is : 1,950,646. 200 day moving average is 172.87  and 200 day price change is -2.66 (-1.58%)  and with average volume for 200 days is : 2,144,432.

See More Analyst Rating at: RATING