Worldpay (NYSE:WP)‘s stock had its “buy” rating restated by investment analysts at Robert W. Baird in a research note issued on Tuesday. They presently have a $90.00 price objective on the business services provider’s stock. Robert W. Baird’s target price indicates a potential upside of 14.59% from the stock’s current price.

A number of other brokerages have also recently issued reports on WP. JPMorgan Chase & Co. assumed coverage on shares of Worldpay in a research report on Friday. They set an “overweight” rating and a $89.00 target price for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $89.00 target price on shares of Worldpay in a research report on Monday. Morgan Stanley assumed coverage on shares of Worldpay in a research report on Monday. They set an “overweight” rating and a $93.00 target price for the company. Credit Suisse Group assumed coverage on shares of Worldpay in a research report on Monday. They set an “outperform” rating for the company. Finally, Goldman Sachs Group reiterated a “buy” rating and set a $96.00 target price on shares of Worldpay in a research report on Wednesday, January 17th. Seven equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $82.53.

Shares of Worldpay (NYSE WP) traded down $1.20 during mid-day trading on Tuesday, hitting $78.54. 6,550,000 shares of the stock were exchanged, compared to its average volume of 4,490,000. Worldpay has a 52 week low of $59.10 and a 52 week high of $79.79. The firm has a market cap of $13,960.00, a PE ratio of 54.54, a price-to-earnings-growth ratio of 1.57 and a beta of 0.58. 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 (NYSE:WP) last announced its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $551.77 million. Worldpay had a net margin of 6.07% and a return on equity of 41.19%. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. research analysts forecast that Worldpay will post 3.16 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Worldpay (WP) Stock Rating Reaffirmed by Robert W. Baird” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2018/01/24/worldpay-wp-stock-rating-reaffirmed-by-robert-w-baird.html.

About Worldpay

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.

Analyst Recommendations for Worldpay (NYSE:WP)

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.