Barclays Reiterates an 'Overweight' on VeriFone (PAY) Ahead of Q3 Release
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Price: $22.44 -1.62%
Rating Summary:
6 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
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Rating Summary:
6 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Barclays reiterates an 'Overweight' on VeriFone (NYSE: PAY) price target of $60.00.
Analyst, Darrin D. Peller, said, "We expect sound results when VeriFone releases its fiscal 3Q12 EPS on Wednesday, September 5th. We believe the company will demonstrate revenue growth acceleration in the North American region, as petro, taxi, and encryption segments continue to expand, partially offset by Y/Y declines in ISO/merchant acquiring sales (likely for one more quarter)."
Peller also expects to see improvement in free cash flows and believes the company is on track to deliver 20% organic growth.
For an analyst ratings summary and ratings history on VeriFone click here. For more ratings news on VeriFone click here.
Shares of VeriFone closed at $34.00 yesterday, with a 52 week range of $30.10-$55.89.
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Analyst, Darrin D. Peller, said, "We expect sound results when VeriFone releases its fiscal 3Q12 EPS on Wednesday, September 5th. We believe the company will demonstrate revenue growth acceleration in the North American region, as petro, taxi, and encryption segments continue to expand, partially offset by Y/Y declines in ISO/merchant acquiring sales (likely for one more quarter)."
Peller also expects to see improvement in free cash flows and believes the company is on track to deliver 20% organic growth.
For an analyst ratings summary and ratings history on VeriFone click here. For more ratings news on VeriFone click here.
Shares of VeriFone closed at $34.00 yesterday, with a 52 week range of $30.10-$55.89.
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