Verifone Systems (PAY) Receives Price Target

Verifone Systems (PAY) : The most positive equity analysts on Verifone Systems (PAY) expects the shares to touch $30, whereas, the least positive believes that the stock will trade at $19 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $25.39 with an expected fluctuation of $3.66 from the mean.

Verifone Systems (PAY) has an average broker rating of 1.94, which is interpreted as a Buy, as rated by 16 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Verifone Systems (NYSE:PAY). The current rating of the shares is Equalweight, according to the research report released by the firm. The brokerage firm lowers the price target from $23 per share to $21 per share. The rating by the firm was issued on July 7, 2016.

Verifone Systems (NYSE:PAY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.76 and $19.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.10, notching a gain of 1.21% for the day. The total traded volume was 7,596,326 . The stock had closed at $19.86 on the previous day.

VeriFone Systems, Inc. (VeriFone), formerly VeriFone Holdings, Inc. is a holding company of VeriFone, Inc. The Company is engaged in the secure electronic payment solutions. Its system solutions consist of point of sale (POS) electronic payment devices that run its and third-party operating systems, security and encryption software, and certified payment software, as well as other third-party value-added applications. Its system solutions process a range of payment types. The Companys electronic payment systems are available in several modular configurations, offering its support to a range of connectivity options. The Company also offers customers technical support for installed payment systems, consulting services, and project management services for system deployment, and customization of integrated software solutions. It provides solutions, and services for the financial services, retail, petroleum, restaurant, hospitality, taxi, transportation, and healthcare markets.

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