Global Payments (GPN) Receives Price Target

Global Payments (GPN) : The consensus price target for Global Payments (GPN) is $79.46 for the short term with a standard deviation of $6.16. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $90, however, the pessimist price target for the company is $72.

Global Payments (GPN) : 7 brokerage houses believe that Global Payments (GPN) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Global Payments (GPN). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 20 Wall Street Analysts endorse the stock as a Buy with a rating of 2.3.


Also, In a research note released to the investors, Barclays maintains its rating on Global Payments (NYSE:GPN).The analysts at the brokerage house have a current rating of Equal-weight on the shares. In a recent information released to the investors, Barclays raises the new price target from $73 per share to $75 per share. The rating by the firm was issued on July 29, 2016.

Global Payments (NYSE:GPN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.17 and $75.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.82, notching a gain of 1.15% for the day. The total traded volume was 1,562,074 . The stock had closed at $75.95 on the previous day.

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.

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