Worldpay (NYSE:WP)‘s stock had its “buy” rating reiterated by Goldman Sachs Group in a note issued to investors on Wednesday, January 17th. They presently have a $96.00 price target on the business services provider’s stock. Goldman Sachs Group’s price objective would suggest a potential upside of 28.39% from the company’s previous close.
Several other equities analysts have also commented on WP. Nomura reaffirmed a “buy” rating and issued a $85.00 price target on shares of Worldpay in a research note on Friday, September 29th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $82.00 price target on shares of Worldpay in a research note on Thursday, September 28th. Citigroup reiterated a “buy” rating and issued a $83.00 price objective on shares of Worldpay in a report on Monday, September 25th. BidaskClub downgraded Worldpay from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Finally, Buckingham Research started coverage on Worldpay in a report on Monday, October 2nd. They issued a “neutral” rating and a $78.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. Worldpay presently has a consensus rating of “Buy” and a consensus target price of $82.80.
Shares of Worldpay (WP) traded up $1.01 during trading on Wednesday, hitting $74.77. The stock had a trading volume of 3,465,694 shares, compared to its average volume of 5,910,000. Worldpay has a twelve month low of $59.10 and a twelve month high of $82.07. The firm has a market cap of $23,350.00, a price-to-earnings ratio of 51.92, a PEG ratio of 1.48 and a beta of 0.64. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 7.45.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Family Office LLC purchased a new position in shares of Worldpay in the 4th quarter valued at about $484,000. Twin Tree Management LP acquired a new stake in shares of Worldpay in the 4th quarter valued at about $651,000. Navellier & Associates Inc acquired a new stake in shares of Worldpay in the 4th quarter valued at about $3,503,000. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Worldpay in the 4th quarter valued at about $38,764,000.
Worldpay, Inc, formerly Vantiv, Inc, is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.
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