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GPN

Global Payments

$76.01

-2.9699 (-3.76%)

, VNTV

Vantiv

$56.49

-0.47 (-0.83%)

12:27
10/07/16
10/07
12:27
10/07/16
12:27

Global Payments sinks after analyst questions transparency

Shares of Global Payments are dropping after Nomura analyst Dan Dolev called out the company's transparency following Wednesday's Q3 earnings report. Management would not give a straight answer to the exact contribution of the Heartland Payment Systems acquisition, Dolev told investors this morning in a research note. He adds that Global Payments' organic growth in the U.S. core direct business likely decelerated despite easier compares. The analyst says he's "wary about the underling health" of the company's U.S. direct business given the "lack of adequate transparency." Dolev raised his price target for the shares to $67 from $66 and kept a Neutral rating on Global Payments. The stock is down 4%, or $3.29, to $75.69 in midday trading. Dolev views Vantiv (VNTV) as Global Payments' "best-in-class" U.S. peer.

GPN

Global Payments

$76.01

-2.9699 (-3.76%)

VNTV

Vantiv

$56.49

-0.47 (-0.83%)

  • 23

    Oct

GPN Global Payments
$76.01

-2.9699 (-3.76%)

10/07/16
SPHN
10/07/16
NO CHANGE
Target $84
SPHN
Equal Weight
Global Payments price target raised to $84 from $77 at Stephens
Stephens analyst Brett Huff raised his price target for Global Payments to $84 from $77, citing the company's "solid" quarter as it beat Street expectations for revenue and profits. The analyst thinks Global Payments is the best-positioned acquirer with best growth assets and most medium-term organic margin upside. Stephens has an Equal Weight rating on the shares.
09/15/16
GSCO
09/15/16
UPGRADE
Target $88
GSCO
Buy
Global Payments upgraded to Buy from Neutral at Goldman
Goldman Sachs analyst James Schneider upgraded Global Payments to Buy saying the company's revenue growth is likely to exceed 10% over the next two years, which is ahead of consensus and management's high-single digit growth target. Cost and revenue synergies from the Heartland acquisition are likely to exceed investor expectations, Schneider tells investors in a research note. He upped his price target for the shares to $88 from $80.
08/18/16
OPCO
08/18/16
NO CHANGE
OPCO
Outperform
Oppenheimer encouraged by Global Payments growth opportunity
Following a visit to the company's headquarters, Oppenheimer analyst Glenn Greene says he remains encouraged by Global Payments' intermediate and long-term growth and margin opportunity. The Heartland integration appears ahead of schedule, and the combined entity has already realized sales success, the analyst tells investors in a research note. Further, Greene believes the company's 2017 guidance appears reasonable, if not conservative, and would not preclude upside to its Heartland synergy targets. He reiterates an Outperform rating on the shares.
07/22/16
SBSH
07/22/16
NO CHANGE
Target $89
SBSH
Buy
Global Payments price target raised to $89 from $78 at Citi
Citi analyst Ashwin Shirvaikar raised his price target for Global Payments to $89 saying the company is "likely to easily post upside to acquisition synergy assumptions." The analyst likes the stock at these levels and keeps a Buy rating on the name.
VNTV Vantiv
$56.49

-0.47 (-0.83%)

10/05/16
10/05/16
DOWNGRADE

Equal Weight
Fifth Third downgraded to Equal Weight at Stephens
As previously reported, Stephens analyst Terry McEvoy downgraded Fifth Third (FITB) to Equal Weight from Overweight on valuation. The analyst now sees the underlying value and capital flexibility from the company's investment in Vantiv (VNTV) as being largely reflected in the stock's valuation and have more comfort in future expense trends. Given the outperformance at Fifth Third, McEvoy believes investors should take profits and move into KeyCorp (KEY).
09/14/16
SBSH
09/14/16
NO CHANGE
SBSH
Citi moves Vantiv up to top pick in processor space
Citi analyst Ashwin Shirvaikar shuffled his rankings in the processor space by moving Vantiv (VNTV) up to his pick from third place. Fidelity National Information (FIS) is his second pick, followed by previous top pick TSYS (TSS) and PayPal (PYPL). Shirvaikar keeps a Buy rating on TSYS but lowered his price target for the shares to $60 from $63. Top-line growth deceleration is happening sooner than expected, the analyst tells investors in a research note.
07/29/16
07/29/16
DOWNGRADE
Target $63

Outperform
Vantiv downgraded to Outperform on moderating outlook at CLSA
As previously reported, CLSA downgraded Vantiv to Outperform from Buy. Analyst Tom McCrohan said Vantiv beat Q2 expectations due to solid Merchant and Financial Institutions segment results, but the back-half of the year will moderate due to factors impacting the Financial Institutions segment, making further multiple expansion difficult.
07/29/16
LYON
07/29/16
DOWNGRADE
LYON
Outperform
Vantiv downgraded to Outperform from Buy at CLSA

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