Global Payments (NYSE:GPN) : Zacks Investment Research ranks Global Payments (NYSE:GPN) as 3, which is a Hold recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 23 research analysts is 2.17, which indicates as a Buy.
Global Payments (NYSE:GPN) : The highest level Global Payments (NYSE:GPN) is projected to reach is $90 for the short term and the lowest estimate is at $68. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $78 and the possibility the share price can swing is $6.13.
For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Barclays reinstates its rating on Global Payments (NYSE:GPN). In a research note issued to the investors, the brokerage major announces price-target of $78 per share.The shares have been rated Equal-weight. The rating by the firm was issued on May 4, 2016.
Global Payments (NYSE:GPN): stock turned positive on Tuesday. Though the stock opened at $68.27, the bulls momentum made the stock top out at $70.04 level for the day. The stock recorded a low of $68.01 and closed the trading day at $69.76, in the green by 3.38%. The total traded volume for the day was 1,840,511. The stock had closed at $67.48 in the previous days trading.
In an insider trading activity, Jacobs William I, director of Global Payments Inc, unloaded 600 shares at an average price of $73.71 on June 13, 2016. The total amount of the transaction was worth $44,226, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Global Payments Inc. is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates in two segments: North America merchant services and International merchant services. The Companys North America merchant services and International merchant services segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services. The Companys North America merchant services and International merchant services segments target customers in various industries, including financial services, gaming, government, healthcare, professional services, restaurants, retail, universities, not-for-profit organizations and utilities. The Company performs a series of services, including authorization, electronic draft capture, file transfers to facilitate funds settlement and certain exception-based, back office support services, such as chargeback and retrieval resolution.