VeriFone (PAY) Q4 'Very Solid', Jefferies Says
Get Alerts PAY Hot Sheet
Rating Summary:
3 Buy, 29 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
Jefferies analyst Jason Kupferberg reiterated a Buy rating and $43 price target on VeriFone (NYSE: PAY) following Q4 results after the close. The analyst sees the company building steam into 2015.
Kupferberg commented, "PAY delivered another very solid beat for revs and non-GAAP EPS in F4Q. Even with management's typical overlay of conservatism, the highly anticipated F15 guidance came out in line w/ Street and ahead of JEFe for revs, while EPS is in line with JEFe but below Street, as we had anticipated. Following the recent pullback in shares, we believe the outlook and tone are good enough to be a + catalyst."
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 $33.06 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Keurig Dr Pepper (KDP) PT Raised to $39 at Jefferies
- META to capture largest share of users, SNAP to benefit from ad budget shifts - Canaccord Genuity weighs in on TikTok ban
- Comcast Corp (CMCSA) PT Lowered to $48 at Pivotal Research
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!