Deutsche Bank's Q3 Preview on Global Payments (GPN); Raising Price Target on Strong Organic Growth
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Price: $91.03 -2.17%
Rating Summary:
23 Buy, 24 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
Rating Summary:
23 Buy, 24 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
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Deutsche Bank reiterates a 'Buy' on Global Payments (NYSE: GPN) price target raised from $53 to $63.
Analyst Bryan Keane, said, "On April 4th, we estimate GPN will report revenues of $526.1m (15.3% Y/Y) and EPS of $0.83. Despite seasonality, we expect robust 13% organic cc growth in 3Q12 supported by strong secular migration towards electronic payments, improved consumer sentiment, and positive residual Durbin Amendment effects. Due to a strong double-digit organic growth rate, material international margin expansion and robust FCF, we are raising our TP."
For an analyst ratings summary and ratings history on Global Payments click here. For more ratings news on Global Payments click here.
Shares of Global Payments closed at $53.48 yesterday.
Analyst Bryan Keane, said, "On April 4th, we estimate GPN will report revenues of $526.1m (15.3% Y/Y) and EPS of $0.83. Despite seasonality, we expect robust 13% organic cc growth in 3Q12 supported by strong secular migration towards electronic payments, improved consumer sentiment, and positive residual Durbin Amendment effects. Due to a strong double-digit organic growth rate, material international margin expansion and robust FCF, we are raising our TP."
For an analyst ratings summary and ratings history on Global Payments click here. For more ratings news on Global Payments click here.
Shares of Global Payments closed at $53.48 yesterday.
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