Worldpay (NYSE:WP) had its target price lifted by analysts at JPMorgan Chase & Co. to $94.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 15.65% from the stock’s previous close.
A number of other analysts have also commented on the company. Craig Hallum boosted their target price on Worldpay from $84.00 to $95.00 in a research report on Wednesday. Stifel Nicolaus boosted their target price on Worldpay from $93.00 to $94.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley reaffirmed an “overweight” rating and issued a $93.00 target price on shares of Worldpay in a research report on Wednesday, February 7th. Zacks Investment Research lowered Worldpay from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Finally, KeyCorp boosted their target price on Worldpay from $90.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Worldpay has a consensus rating of “Buy” and a consensus price target of $83.50.
Shares of Worldpay (WP) opened at $81.28 on Thursday. Worldpay has a 12-month low of $59.10 and a 12-month high of $82.07. The company has a market capitalization of $13,866.90, a PE ratio of 56.06, a P/E/G ratio of 1.58 and a beta of 0.64. The company has a debt-to-equity ratio of 7.45, a current ratio of 0.72 and a quick ratio of 0.72.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Boston Family Office LLC purchased a new position in shares of Worldpay in the 4th quarter worth approximately $484,000. Twin Tree Management LP purchased a new position in shares of Worldpay in the 4th quarter worth approximately $651,000. Navellier & Associates Inc purchased a new position in shares of Worldpay in the 4th quarter worth approximately $3,503,000. Macquarie Group Ltd. purchased a new position in shares of Worldpay in the 4th quarter worth approximately $8,429,000. Finally, Quantitative Investment Management LLC purchased a new position in shares of Worldpay in the 4th quarter worth approximately $9,693,000.
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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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