Worldpay (NYSE:WP) has been assigned a $152.00 price objective by analysts at Citigroup in a research report issued on Friday, TipRanks reports. The firm presently has a “buy” rating on the business services provider’s stock. Citigroup‘s price target indicates a potential upside of 14.73% from the stock’s current price.
A number of other equities analysts have also weighed in on the stock. Atlantic Securities lowered shares of Biogen from an “overweight” rating to a “neutral” rating in a report on Thursday, March 21st. Royal Bank of Canada upgraded shares of Viacom from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $31.00 to $36.00 in a report on Thursday, April 4th. Craig Hallum downgraded shares of Worldpay from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Zacks Investment Research raised shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Friday, July 5th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $8.00 target price on shares of Pacific Biosciences of California in a research note on Friday, May 3rd. Sixteen research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $113.25.
Shares of WP traded down $0.08 during mid-day trading on Friday, reaching $132.48. The company had a trading volume of 1,953,116 shares, compared to its average volume of 2,964,489. The firm has a market capitalization of $41.22 billion, a PE ratio of 36.00, a price-to-earnings-growth ratio of 2.15 and a beta of 0.76. The company’s fifty day simple moving average is $126.07. Worldpay has a fifty-two week low of $70.41 and a fifty-two week high of $133.63. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.95 and a current ratio of 0.95.
Worldpay (NYSE:WP) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.10. The company had revenue of $970.00 million for the quarter, compared to analyst estimates of $950.37 million. Worldpay had a net margin of 3.63% and a return on equity of 11.28%. Worldpay’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the business earned $0.81 EPS. On average, equities research analysts expect that Worldpay will post 4.3 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in WP. Quadrant Capital Group LLC increased its stake in Worldpay by 156.6% during the 1st quarter. Quadrant Capital Group LLC now owns 290 shares of the business services provider’s stock worth $32,000 after buying an additional 177 shares during the period. Berman Capital Advisors LLC increased its stake in Worldpay by 131.2% during the 1st quarter. Berman Capital Advisors LLC now owns 326 shares of the business services provider’s stock worth $37,000 after buying an additional 185 shares during the period. CX Institutional purchased a new stake in Worldpay during the 1st quarter worth $38,000. Cornerstone Advisors Inc. increased its stake in Worldpay by 52.4% during the 1st quarter. Cornerstone Advisors Inc. now owns 384 shares of the business services provider’s stock worth $44,000 after buying an additional 132 shares during the period. Finally, Catalyst Capital Advisors LLC increased its stake in Worldpay by 28.1% during the 1st quarter. Catalyst Capital Advisors LLC now owns 501 shares of the business services provider’s stock worth $57,000 after buying an additional 110 shares during the period. 91.53% of the stock is currently owned by hedge funds and other institutional investors.
Worldpay, Inc, through its subsidiary, Worldpay Holding, LLC, provides electronic payment processing services in the United States, Europe, Asia, and Australasia. It operates in two segments, Technology Solutions, Merchant Solutions, and Issuer Solutions. The company offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management.
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