Global Payments Reports First Quarter Earnings and Increases Fiscal 2017 Outlook
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Stifel Raises Price Target on Global Payments (GPN) to $76 Following 1Q Report
October 7, 2016 10:05 AM EDTStifel reiterated a Hold rating on Global Payments (NYSE: GPN), and raised the price target to $76.00 (from $75.00) following the company's 1Q earnings report. GPN reported EPS of $0.86, ahead of the consensus estimate of $0.84. With the addition of the bellwether Heartland Payments (HPY) acquisition, GPN grew net revenues 52.2% to $817.3M, which came in ahead of consensus at... More
Oppenheimer Reiterates Outperform on Global Payments (GPN) Following 1Q Report
October 6, 2016 10:24 AM EDTOppenheimer reiterated an Outperform rating and $85.00 price target on Global Payments (NYSE: GPN) following the company's 1Q earnings report. GPN delivered 1Q cash EPS growth of ~10% Y/Y to $0.86 vs. the Street's 0.83 estimates. The company raised its FY17 margin/EPS guide, now calling for up to 50bps... More
