Bernstein Sticks to Its Hold Rating for Global Payments (GPN)
Bernstein analyst maintained a Hold rating on Global Payments yesterday. The company’s shares closed yesterday at $78.34.
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The word on The Street in general, suggests a Hold analyst consensus rating for Global Payments with a $101.47 average price target, which is a 29.53% upside from current levels. In a report released on February 23, Cantor Fitzgerald also maintained a Hold rating on the stock with a $88.00 price target.
Based on Global Payments’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.9 billion and a net profit of $217.52 million. In comparison, last year the company earned a revenue of $2.52 billion and had a net profit of $567.17 million
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Joia Johnson, a Director at GPN bought 1,213.00 shares for a total of $99,344.70.
Read More on GPN:
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- Global Payments price target raised to $88 from $80 at Cantor Fitzgerald
- Global Payments price target raised to $97 from $95 at RBC Capital
- Global Payments Launches $550 Million Accelerated Share Buyback
- Global Payments price target raised to $91 from $90 at TD Cowen
- Global Payments price target raised to $87 from $80 at UBS
