Reviewing The Case For Global Payments, Inc. (GPN) Going Higher

Currently, there are 260.38M common shares owned by the public and among those 252.23M shares have been available to trade.

The company’s stock has a 5-day price change of -7.37% and 8.53% over the past three months. GPN shares are trading -18.26% year to date (YTD), with the 12-month market performance down to -12.88% lower. It has a 12-month low price of $91.60 and touched a high of $141.77 over the same period. GPN has an average intraday trading volume of 1.89 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.83%, -1.62%, and -10.81% respectively.

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Institutional ownership of Global Payments, Inc. (NYSE: GPN) shares accounts for 91.91% of the company’s 260.38M shares outstanding.

It has a market capitalization of $26.41B and a beta (3y monthly) value of 0.99. The stock’s trailing 12-month PE ratio is 19.03, while the earnings-per-share (ttm) stands at $5.46. The company has a PEG of 1.39 and a Quick Ratio of 0.92 with the debt-to-equity ratio at 0.81. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.70% over the week and 2.73% over the month.

Earnings per share for the fiscal year are expected to increase by 11.53%, and 12.93% over the next financial year. EPS should grow at an annualized rate of 13.69% over the next five years, compared to 5.82% over the past 5-year period.

Looking at the support for the GPN, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on June 12, 2024, with the firm’s price target at $100. Monness Crespi & Hardt coverage for the Global Payments, Inc. (GPN) stock in a research note released on May 03, 2024 offered a Buy rating with a price target of $165. Evercore ISI was of a view on February 02, 2024 that the stock is Outperform, while BMO Capital Markets gave the stock Market Perform rating on December 05, 2023, issuing a price target of $138. BTIG Research on their part issued Buy rating on November 20, 2023.

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