Global Payments (GPN) Stock Price Target Upped at Jefferies
NEW YORK (TheStreet) -- Global Payments' (GPN) - Get Report price target was boosted to $75 from $68 at Jefferies.
The firm has a "hold" rating on the Atlanta-based provider of payment technology services.
Following the close of the company's acquisition of Heartland Payments, the firm is updating its fiscal 2016, fiscal 2017 and fiscal 2018 estimates.
"We are modeling F16, F17 and F18 net revs/cash EPS at $2,167.7 million/$2.98 (vs. $2,078.1 million/$2.97, prior), $3,254.8 million/ $3.53 (vs. $2,226.4million/$3.35, prior), and $3,528.9million/$4.26 (vs. $2,388million/$3.79, prior), respectively," Jefferies wrote in a note.
Risks include consumer spending, the regulatory environment and competition, Jefferies added.
Shares of Global Payments are up by 0.97% to $75.63 at the start of trading on Tuesday.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of A+ on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and expanding profit margins.
The team believes its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: GPN
