Bernstein lifts Global Payments, Inc [GPN] price estimate. Who else is bullish?

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Global Payments, Inc [NYSE: GPN] traded at a low on Thursday, posting a -1.11 loss after which it closed the day’ session at $115.77.

The results of the trading session contributed to over 2090339 shares changing hands. Over the past one week, the price volatility of Global Payments, Inc stands at 1.72% while the volatility over the past one month is 1.52%.

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The market cap for GPN stock reached $29.46 billion, with 254.40 million shares outstanding and 252.30 million shares in the current float. Compared to the average trading volume of 2.39M shares, GPN reached a trading volume of 2090339 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Global Payments, Inc [GPN]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GPN shares is $130.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GPN stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Bernstein have made an estimate for Global Payments, Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on October 22, 2024. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Perform. The new note on the price target was released on October 01, 2024, representing the official price target for Global Payments, Inc stock. Previously, the target price had yet another drop from $165 to $155, while Monness Crespi & Hardt kept a Buy rating on GPN stock. On September 25, 2024, analysts decreased their price target for GPN shares from 204 to 194.

The Average True Range (ATR) for Global Payments, Inc is set at 2.16, with the Price to Sales ratio for GPN stock in the period of the last 12 months amounting to 2.94. The Price to Book ratio for the last quarter was 1.29, with the Price to Cash per share for the same quarter was set at 12.34. Price to Free Cash Flow for GPN in the course of the last twelve months was 10.20 with Quick ratio for the last quarter at 0.93.

How has GPN stock performed recently?

Global Payments, Inc [GPN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.07. With this latest performance, GPN shares dropped by -0.51% in over the last four-week period, additionally plugging by 23.63% over the last 6 months – not to mention a drop of -6.20% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GPN stock in for the last two-week period is set at 53.47, with the RSI for the last a single of trading hit 48.13, and the three-weeks RSI is set at 55.61 for Global Payments, Inc [GPN]. The present Moving Average for the last 50 days of trading for this stock 109.01, while it was recorded at 116.64 for the last single week of trading, and 109.96 for the last 200 days.

Global Payments, Inc [GPN]: Deeper insight into the fundamentals

Global Payments, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.93 and a Current Ratio set at 0.93.

Earnings analysis for Global Payments, Inc [GPN]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GPN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Global Payments, Inc go to 11.25%.

Insider trade positions for Global Payments, Inc [GPN]

There are presently around $92.72%, or 93.52%% of GPN stock, in the hands of institutional investors. The top three institutional holders of GPN stocks are: VANGUARD GROUP INC with ownership of 24.2 million shares, which is approximately 9.4189%. BLACKROCK INC., holding 17.75 million shares of the stock with an approximate value of $$1.72 billion in GPN stocks shares; and BLACKROCK INC., currently with $$1.02 billion in GPN stock with ownership which is approximately 4.1001%.