Stephens Reaffirms Their Buy Rating on Worldpay Inc (WP)

By Jason Carr

In a report issued on August 10, Brett Huff from Stephens reiterated a Buy rating on Worldpay Inc (NYSE: WP), with a price target of $97. The company’s shares closed on Friday at $92.14, close to its 52-week high of $92.47.

According to TipRanks.com, Huff is a top 100 analyst with an average return of 31.4% and a 92.4% success rate. Huff covers the Technology sector, focusing on stocks such as Fidelity National Info, Total System Services, and Global Payments Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Worldpay Inc with a $99.53 average price target, representing an 8.0% upside. In a report issued on August 9, Cantor Fitzgerald also maintained a Buy rating on the stock with a $92 price target.

.

See today’s analyst top recommended stocks >>

Based on Worldpay Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $2.9 million. In comparison, last year the company had a net profit of $68.78 million.

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.

Worldpay, Inc. engages in payments processing technology and solutions. Its products include card machines, integrated point-of-sale, virtual terminal, card payments, mobile wallets, accounting integration, ATM services, Treasury services, PCI compliance, EMV and other. The company was founded on January 2018 and is headquartered in Symmes Township, OH.