Worldpay (WP) Stock Rating Reaffirmed by Robert W. Baird
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.
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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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