Credit Suisse Believes Global Payments Inc (NYSE: GPN) Won’t Stop Here

By Jason Carr

Credit Suisse analyst Paul Condra maintained a Buy rating on Global Payments Inc (NYSE: GPN) today and set a price target of $125. The company’s shares opened today at $113.35, close to its 52-week high of $118.94.

According to TipRanks.com, Condra is a 4-star analyst with an average return of 13.6% and a 75.3% success rate. Condra covers the Technology sector, focusing on stocks such as Fidelity National Info, Alliance Data Systems, and Total System Services.

Currently, the analyst consensus on Global Payments Inc is Strong Buy and the average price target is $125.81, representing a 11.0% upside.

In a report released today, Cantor Fitzgerald also maintained a Buy rating on the stock with a $126 price target.

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Based on Global Payments Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.05 billion and quarterly net profit of $242 million. In comparison, last year the company earned revenue of $920 million and had a net profit of $48.81 million.

Based on the recent corporate insider activity of 122 insiders, corporate insider sentiment is negative on the stock.

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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 and solutions, including: restaurant, hospitality, retail, convenience stores and petroleum, professional services, automotive, and lodging.