Jefferies Sticks to Their Hold Rating for Global Payments (GPN)
Jefferies analyst Trevor Williams maintained a Hold rating on Global Payments today and set a price target of $75.00.
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Williams covers the Technology sector, focusing on stocks such as Block, Corpay Inc, and Payoneer. According to TipRanks, Williams has an average return of -0.2% and a 50.48% success rate on recommended stocks.
In addition to Jefferies, Global Payments also received a Hold from Bernstein’s Harshita Rawat in a report issued yesterday. However, on January 5, Monness reiterated a Buy rating on Global Payments (NYSE: GPN).
Based on Global Payments’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.01 billion and a net profit of $635.21 million. In comparison, last year the company earned a revenue of $2 billion and had a net profit of $315.13 million
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is neutral on the stock. Last month, Robert Jr. Baldwin, a Director at GPN bought 13,392.00 shares for a total of $1,086,866.64.
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