Worldpay (WP) Price Target Raised to $86.00
Worldpay (NYSE:WP) had its price objective upped by investment analysts at Bank of America from $82.00 to $86.00 in a research note issued on Monday. The brokerage presently has a “neutral” rating on the business services provider’s stock. Bank of America’s price objective suggests a potential upside of 4.22% from the stock’s previous close.
Other research analysts also recently issued reports about the company. Buckingham Research upgraded Worldpay from a “neutral” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Friday, December 8th. Robert W. Baird restated a “buy” rating and set a $90.00 target price on shares of Worldpay in a research note on Tuesday, January 23rd. KeyCorp restated a “buy” rating and set a $85.00 target price (up from $80.00) on shares of Worldpay in a research note on Monday, December 4th. Credit Suisse Group initiated coverage on Worldpay in a research note on Monday, January 22nd. They set an “outperform” rating on the stock. Finally, Citigroup boosted their target price on Worldpay from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. Worldpay has a consensus rating of “Buy” and a consensus price target of $82.31.
Shares of Worldpay (NYSE:WP) traded up $0.45 during trading hours on Monday, hitting $82.52. The stock had a trading volume of 451,855 shares, compared to its average volume of 5,124,474. Worldpay has a twelve month low of $59.10 and a twelve month high of $84.34. The stock has a market cap of $14,588.60, a P/E ratio of 104.51, a PEG ratio of 1.63 and a beta of 0.62. The company has a debt-to-equity ratio of 9.31, a current ratio of 0.75 and a quick ratio of 0.75.
A number of institutional investors have recently bought and sold shares of the business. Eagle Asset Management Inc. purchased a new stake in Worldpay during the 4th quarter valued at about $38,764,000. Quantitative Investment Management LLC acquired a new position in shares of Worldpay in the 4th quarter valued at about $9,693,000. Macquarie Group Ltd. acquired a new position in shares of Worldpay in the 4th quarter valued at about $8,429,000. Navellier & Associates Inc acquired a new position in shares of Worldpay in the 4th quarter valued at about $3,503,000. Finally, Twin Tree Management LP acquired a new position in shares of Worldpay in the 4th quarter valued at about $651,000.
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Worldpay Company Profile
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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