Worldpay (WP) Receives Buy Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their buy rating on shares of Worldpay (NYSE:WP) in a report published on Tuesday morning. Keefe, Bruyette & Woods currently has a $99.00 price target on the business services provider’s stock.

Other equities analysts have also recently issued reports about the stock. Jefferies Group raised shares of Worldpay from a hold rating to a buy rating and set a $69.00 price target for the company in a research note on Thursday, December 14th. Cantor Fitzgerald reaffirmed a buy rating and set a $79.00 price target on shares of Worldpay in a research note on Tuesday, December 12th. Buckingham Research raised shares of Worldpay from a neutral rating to a buy rating and set a $90.00 target price for the company in a research note on Friday, December 8th. Cowen reissued a buy rating and issued a $84.00 target price on shares of Worldpay in a research note on Thursday, December 7th. Finally, Deutsche Bank raised their target price on shares of Worldpay to $82.00 and gave the company a buy rating in a research note on Monday, December 4th. Seven equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $83.59.

How to Become a New Pot Stock Millionaire

Worldpay (NYSE:WP) opened at $84.57 on Tuesday. The firm has a market cap of $26,410.00, a P/E ratio of 111.28, a PEG ratio of 1.52 and a beta of 0.62. Worldpay has a 52 week low of $59.10 and a 52 week high of $85.09. The company has a debt-to-equity ratio of 9.31, a quick ratio of 0.75 and a current ratio of 0.75.

Worldpay (NYSE:WP) last issued its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.01). The business had revenue of $569.00 million for the quarter, compared to the consensus estimate of $563.04 million. Worldpay had a return on equity of 52.03% and a net margin of 3.23%. Worldpay’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share. equities research analysts predict that Worldpay will post 3.59 earnings per share for the current fiscal year.

In other news, EVP Royal Cole sold 44,283 shares of Worldpay stock in a transaction on Monday, March 5th. The stock was sold at an average price of $83.17, for a total transaction of $3,683,017.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kimberly Martin sold 5,308 shares of Worldpay stock in a transaction on Monday, March 5th. The stock was sold at an average price of $82.96, for a total value of $440,351.68. The disclosure for this sale can be found here. Company insiders own 1.27% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. acquired a new stake in shares of Worldpay during the fourth quarter worth $8,429,000. Quantitative Investment Management LLC acquired a new stake in shares of Worldpay during the fourth quarter worth $9,693,000. Navellier & Associates Inc acquired a new stake in shares of Worldpay during the fourth quarter worth $3,503,000. Twin Tree Management LP acquired a new stake in shares of Worldpay during the fourth quarter worth $651,000. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Worldpay during the fourth quarter worth $38,764,000.

TRADEMARK VIOLATION WARNING: “Worldpay (WP) Receives Buy Rating from Keefe, Bruyette & Woods” was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://sportsperspectives.com/2018/03/10/worldpay-wp-receives-buy-rating-from-keefe-bruyette-woods.html.

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.

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.

Leave a Reply