Stifel Nicolaus Believes Global Payments Inc (NYSE: GPN) Won’t Stop Here

By Ryan Adsit

In a report released today, Chris Brendler from Stifel Nicolaus resumed coverage with a Buy rating on Global Payments Inc (NYSE: GPN) and a price target of $102. The company’s shares closed yesterday at $91.61, close to its 52-week high of $93.05.

Brendler has an average return of 20.9% when recommending Global Payments Inc.

According to TipRanks.com, Brendler is ranked #1062 out of 4567 analysts.

Global Payments Inc has an analyst consensus of Moderate Buy, with a price target consensus of $91.73.

Global Payments Inc’s market cap is currently $13.97B and has a P/E ratio of 55.19. The company has a book value ratio of 5.1158.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. Last month, Ruth Ann Marshall, a Director at GPN sold 5,402 shares for a total of $466,679.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Global Payments, Inc. engages in the provision of payment technology services. It operates through the following segments: North America, Europe, and Asia-Pacific. The North America segment offers numerous services including: restaurant, hospitality, retail, convenience stores and petroleum, professional services, automotive, and lodging. The Europe segment provides ecommerce and omnichannel solutions to neighboring countries like the United Kingdom, the Republic of Ireland, Spain, Hungary, Slovakia, Romania, and the Russian Federation. The Asia-Pacific segment derives its revenue through operations in the following countries and territories: Australia, Australia, Brunei, China, Hong Kong, India, Macau, Malaysia, Maldives, New Zealand, the Philippines, Singapore, Sri Lanka, and Taiwan. The company was founded in January 31, 2001 and is headquartered in Atlanta, GA.