CFRA analyst David Holt maintained a Buy rating on Global Payments (NYSE:GPN) Inc. on Saturday, setting a price target of $190, which is approximately 10.81% above the present share price of $171.46.
Holt expects Global Payments Inc. to post earnings per share (EPS) of $0.48 for the third quarter of 2020.
The current consensus among 19 TipRanks analysts is for a Strong Buy rating of shares in Global Payments, with an average price target of $198.32.
The analysts price targets range from a high of $221 to a low of $161.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.9 billion and a net profit of $243.98 million. The company's market cap is $51.28 billion.
According to TipRanks.com, CFRA analyst David Holt is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -7.7% and a 25.00% success rate.
Global Payments, Inc. engages in the provision of payment technology and software solutions. It operates through the following segments: Merchant Solutions, Issuer Solutions and Business & Consumer Solutions. The Merchant Solutions segment provides payments technology and software solutions to customers globally. It also provides a variety of value-added services, including specialty point-of-sale solutions, analytic and engagement tools, payroll services and reporting that assist customers with driving demand. The Issuer Solutions segment provides solutions that enable financial institutions and other financial service providers to manage their card portfolios, reduce technical complexity and overhead and offer a seamless experience for cardholders on a single platform. It also provides commercial payments and e Payables solutions that support business-to-business payment processes for businesses and governments. The Business and Consumer Solutions segment provides general purpose reloadable prepaid debit and payroll cards, demand deposit accounts and other financial service solutions to the under banked and other consumers and businesses in the United States through Netspend brand. The company was founded in January 31, 2001 and is headquartered in Atlanta, GA.