Jefferies Tweaked Estimates on VeriFone Systems (PAY) Following 4Q Results
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: 9
Join SI Premium – FREE
Jefferies maintained a Buy rating on VeriFone (NYSE: PAY), and cut the price target to $40.00 (from $43.00), following the company's 4Q earnings report, and conference call.
Analyst Jason Kupferberg commented, "On the back of F4Q15 results and management commentary, we are tweaking our F16 revs/EPS ests from $2,126.6M/$2.19 to $2,097.0M/$2.17 and F17 revs/ EPS ests from $2,286.6M/$2.58 to $2,250.1M/$2.56. We are also lowering our price target to $40 (from $43), but maintaining our Buy rating."
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 $26.49 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- TechnipFMC (FTI) PT Raised to $30 at BTIG
- First Cash Financial (FCFS) PT Lowered to $140 at TD Cowen
- Opthea Ltd. (OPT) PT Raised to $18 at Oppenheimer
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & Co, EarningsSign 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!