Worldpay (WP) Research Coverage Started at Barclays

Barclays began coverage on shares of Worldpay (NYSE:WP) in a report published on Wednesday, January 17th, Marketbeat reports. The firm issued an overweight rating and a $90.00 target price on the business services provider’s stock.

Several other equities research analysts have also recently commented on WP. Nomura reaffirmed a buy rating and set a $85.00 price objective on shares of Worldpay in a research report on Friday, September 29th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $82.00 price objective on shares of Worldpay in a research report on Thursday, September 28th. Citigroup reaffirmed a buy rating and set a $83.00 price objective on shares of Worldpay in a research report on Monday, September 25th. BidaskClub cut Worldpay from a hold rating to a sell rating in a research report on Thursday, September 28th. Finally, Buckingham Research began coverage on Worldpay in a research report on Monday, October 2nd. They set a neutral rating and a $78.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Worldpay presently has a consensus rating of Buy and a consensus target price of $82.80.

Shares of Worldpay (NYSE:WP) traded up $1.12 during trading hours on Wednesday, hitting $73.76. The stock had a trading volume of 3,406,847 shares, compared to its average volume of 6,862,569. Worldpay has a 1 year low of $59.10 and a 1 year high of $82.07. The company has a debt-to-equity ratio of 7.45, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $13,111.43, a P/E ratio of 50.87, a PEG ratio of 1.48 and a beta of 0.64.

A number of large investors have recently made changes to their positions in WP. Boston Family Office LLC purchased a new position in Worldpay in the fourth quarter worth about $484,000. Twin Tree Management LP bought a new position in shares of Worldpay in the fourth quarter worth about $651,000. Finally, Eagle Asset Management Inc. bought a new position in shares of Worldpay in the fourth quarter worth about $38,764,000.

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About Worldpay

Worldpay, Inc, formerly Vantiv, Inc, is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.

Analyst Recommendations for Worldpay (NYSE:WP)

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