Worldpay (WP) Given New $7.00 Price Target at Deutsche Bank
Worldpay (NYSE:WP) had its price objective boosted by Deutsche Bank from $82.00 to $7.00 in a research report sent to investors on Thursday morning. The brokerage currently has a buy rating on the business services provider’s stock.
WP has been the subject of a number of other research reports. BMO Capital Markets raised shares of Worldpay from a market perform rating to an outperform rating in a research report on Wednesday, January 17th. Keefe, Bruyette & Woods reissued a buy rating and set a $88.00 target price on shares of Worldpay in a research report on Friday, December 22nd. Berenberg Bank initiated coverage on shares of Worldpay in a research report on Thursday, November 16th. They set a buy rating and a $85.00 target price for the company. Cantor Fitzgerald restated a buy rating and set a $79.00 price target on shares of Worldpay in a report on Tuesday, December 12th. Finally, Wells Fargo & Co restated a positive rating and set a $84.00 price target (up from $77.00) on shares of Worldpay in a report on Thursday, December 14th. Seven research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $82.19.
Shares of Worldpay (NYSE WP) opened at $82.07 on Thursday. The firm has a market cap of $25,630.00, a P/E ratio of 107.99, a price-to-earnings-growth ratio of 1.66 and a beta of 0.62. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 7.45. Worldpay has a 52-week low of $59.10 and a 52-week high of $84.34.
A number of large investors have recently modified their holdings of WP. Eagle Asset Management Inc. bought a new position in Worldpay during the 4th quarter valued at $38,764,000. Quantitative Investment Management LLC bought a new position in Worldpay during the 4th quarter valued at $9,693,000. Macquarie Group Ltd. bought a new position in Worldpay during the 4th quarter valued at $8,429,000. Navellier & Associates Inc bought a new position in Worldpay during the 4th quarter valued at $3,503,000. Finally, Twin Tree Management LP bought a new position in Worldpay during the 4th quarter valued at $651,000.
ILLEGAL ACTIVITY NOTICE: “Worldpay (WP) Given New $7.00 Price Target at Deutsche Bank” was published by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/worldpay-wp-given-new-7-00-price-target-at-deutsche-bank/1908237.html.
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.
Receive News & Ratings for Worldpay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worldpay and related companies with MarketBeat.com's FREE daily email newsletter.