In a report published Friday, Keefe, Bruyette & Woods analyst Steven Kwok reiterated a Market Perform rating on Global Payments GPN, and raised the price target from $77.00 to $80.00.
In the report, Keefe, Bruyette & Woods noted, “Following the results, we are increasing our F2015 and F2016 Cash EPS estimates to $4.75 (from $4.62) and $5.31 (from $5.12), respectively, to incorporate the earnings beat this quarter along with accretion from the two announced acquisitions. We also raising our price target to $80 (from $77), which is derived by applying a 15x multiple to our F2016 Cash EPS estimate, but maintaining our MP rating.”
Global Payments closed on Thursday at $72.25.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in