Worldpay (NYSE:WP) had its target price boosted by research analysts at Deutsche Bank from $100.00 to $107.00 in a research note issued on Wednesday. The brokerage presently has a “buy” rating on the business services provider’s stock. Deutsche Bank’s target price suggests a potential upside of 11.69% from the company’s current price.
WP has been the subject of a number of other research reports. Jefferies Financial Group initiated coverage on shares of Worldpay in a research note on Monday, January 28th. They issued a “hold” rating and a $85.00 price objective for the company. TheStreet cut shares of Worldpay from a “b-” rating to a “c” rating in a research note on Friday, November 23rd. Zacks Investment Research raised shares of Worldpay from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Royal Bank of Canada cut shares of Worldpay from a “top pick” rating to an “outperform” rating and upped their price objective for the company from $103.00 to $107.00 in a research note on Tuesday, December 18th. They noted that the move was a valuation call. Finally, Nomura cut their price objective on shares of Worldpay to $112.00 and set a “buy” rating for the company in a research note on Monday. Six analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $106.65.
WP stock opened at $95.80 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.97 and a quick ratio of 0.97. Worldpay has a one year low of $70.41 and a one year high of $103.50. The company has a market capitalization of $27.71 billion, a price-to-earnings ratio of 30.90, a P/E/G ratio of 1.40 and a beta of 0.84.
Worldpay (NYSE:WP) last released its quarterly earnings results on Tuesday, February 26th. The business services provider reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. Worldpay had a negative net margin of 3.99% and a positive return on equity of 11.66%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the company earned $0.97 EPS. The business’s quarterly revenue was up 84.5% compared to the same quarter last year. As a group, equities research analysts forecast that Worldpay will post 3.6 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of WP. FTB Advisors Inc. raised its holdings in Worldpay by 1.6% in the 4th quarter. FTB Advisors Inc. now owns 7,977 shares of the business services provider’s stock worth $610,000 after purchasing an additional 122 shares in the last quarter. Alps Advisors Inc. raised its holdings in Worldpay by 2.7% in the 4th quarter. Alps Advisors Inc. now owns 5,348 shares of the business services provider’s stock worth $409,000 after purchasing an additional 139 shares in the last quarter. Lourd Capital LLC raised its holdings in Worldpay by 3.7% in the 4th quarter. Lourd Capital LLC now owns 4,019 shares of the business services provider’s stock worth $307,000 after purchasing an additional 144 shares in the last quarter. Level Four Advisory Services LLC raised its holdings in Worldpay by 6.2% in the 4th quarter. Level Four Advisory Services LLC now owns 2,751 shares of the business services provider’s stock worth $210,000 after purchasing an additional 161 shares in the last quarter. Finally, American International Group Inc. raised its holdings in Worldpay by 1.9% in the 4th quarter. American International Group Inc. now owns 9,216 shares of the business services provider’s stock worth $704,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 87.81% of the company’s stock.
Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States, Europe, and Asia. It operates in two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management to national merchants, and regional and small-to-mid sized businesses.
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