Citigroup Raises Worldpay (WP) Price Target to $94.00
Worldpay (NYSE:WP) had its target price hoisted by equities researchers at Citigroup from $90.00 to $94.00 in a research note issued to investors on Thursday. The brokerage presently has a “buy” rating on the business services provider’s stock. Citigroup’s price objective indicates a potential upside of 14.54% from the company’s previous close.
A number of other brokerages have also recently issued reports on WP. Credit Suisse Group initiated coverage on Worldpay in a research report on Monday, January 22nd. They set an “outperform” rating for the company. Zacks Investment Research raised Worldpay from a “sell” rating to a “hold” rating in a research report on Friday, January 26th. Mizuho reaffirmed a “hold” rating and set a $80.00 target price on shares of Worldpay in a research report on Thursday, January 4th. Deutsche Bank upped their target price on Worldpay to $82.00 and gave the stock a “buy” rating in a research report on Monday, December 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $93.00 target price on shares of Worldpay in a research report on Wednesday, February 7th. Seven research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Worldpay presently has a consensus rating of “Buy” and an average price target of $82.19.
Shares of Worldpay (NYSE:WP) opened at $82.07 on Thursday. The stock has a market capitalization of $14,448.17, a P/E ratio of 103.89, a price-to-earnings-growth ratio of 1.64 and a beta of 0.62. 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 has a 12-month low of $59.10 and a 12-month high of $84.34.
Several hedge funds and other institutional investors have recently modified their holdings of WP. Boston Family Office LLC acquired a new position in shares of Worldpay in the fourth quarter valued at $484,000. Twin Tree Management LP acquired a new position in shares of Worldpay in the fourth quarter valued at $651,000. Navellier & Associates Inc acquired a new position in shares of Worldpay in the fourth quarter valued at $3,503,000. Macquarie Group Ltd. acquired a new position in shares of Worldpay in the fourth quarter valued at $8,429,000. Finally, Quantitative Investment Management LLC acquired a new position in shares of Worldpay in the fourth quarter valued at $9,693,000.
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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.
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