Cantor Fitzgerald Issues Pessimistic Forecast for Global Payments (NYSE:GPN) Stock Price

Global Payments (NYSE:GPN) had its target price decreased by equities research analysts at Cantor Fitzgerald from $88.00 to $76.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 9.96% from the stock’s previous close.

A number of other research firms also recently weighed in on GPN. Wells Fargo & Company increased their price target on shares of Global Payments from $103.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. The Goldman Sachs Group started coverage on Global Payments in a research report on Monday, March 9th. They issued a “hold” rating and a $88.00 target price on the stock. Citigroup lowered their price target on Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Truist Financial cut their price objective on Global Payments from $85.00 to $81.00 and set a “hold” rating on the stock in a report on Friday, April 24th. Finally, Mizuho reduced their price objective on Global Payments from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. Four equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Global Payments currently has an average rating of “Hold” and an average target price of $85.24.

Global Payments Price Performance

GPN stock opened at $69.11 on Monday. Global Payments has a 52-week low of $62.45 and a 52-week high of $90.64. The stock’s fifty day simple moving average is $70.35 and its 200-day simple moving average is $74.76. The company has a quick ratio of 1.69, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $19.02 billion, a price-to-earnings ratio of -33.88, a price-to-earnings-growth ratio of 0.39 and a beta of 0.75.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, beating the consensus estimate of $2.82 by $0.14. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period in the prior year, the firm posted $2.82 earnings per share. The business’s quarterly revenue was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities research analysts expect that Global Payments will post 13.85 EPS for the current year.

Institutional Investors Weigh In On Global Payments

A number of large investors have recently modified their holdings of the stock. Root Financial Partners LLC purchased a new stake in shares of Global Payments during the 3rd quarter valued at about $27,000. Strive Financial Group LLC acquired a new stake in Global Payments in the fourth quarter valued at approximately $25,000. REAP Financial Group LLC purchased a new stake in shares of Global Payments during the third quarter valued at approximately $28,000. DV Equities LLC purchased a new stake in shares of Global Payments during the fourth quarter valued at approximately $26,000. Finally, SouthState Bank Corp acquired a new position in shares of Global Payments during the third quarter worth $28,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Company Profile

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.