Global Payments (GPN) : 22 analysts are covering Global Payments (GPN) and their average rating on the stock is 2.18, which is read as a Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Global Payments (GPN) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Global Payments (GPN) : 15 investment research analysts covering Global Payments (GPN) have an average price target of $79.07 for the near short term. The highest target price given by the Brokerage Firm to the stock is $90 and the lowest target is $72 for the short term. Analysts expect the variance to be within $5.69 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. Global Payments (NYSE:GPN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.03 and $74.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $74.85, notching a gain of 0.19% for the day. The total traded volume was 993,836 . The stock had closed at $74.71 on the previous day.
In a related news, The director, of Global Payments Inc, Baldwin Robert H B Jr had unloaded 6,500 shares at $76.61 per share in a transaction on July 18, 2016. The total value of transaction was $497,965. The Insider information was revealed by 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.