Robert W. Baird Believes Global Payments (NYSE: GPN) Still Has Room to Grow

Robert W. Baird analyst David Koning maintained a Buy rating on Global Payments (GPNResearch Report) on February 22 and set a price target of $232.00. The company’s shares closed last Wednesday at $204.38, close to its 52-week high of $215.70.

Koning has an average return of 23.1% when recommending Global Payments.

According to, Koning is ranked #91 out of 7329 analysts.

Global Payments has an analyst consensus of Strong Buy, with a price target consensus of $223.86, implying a 13.2% upside from current levels. In a report issued on February 8, Raymond James also reiterated a Buy rating on the stock with a $237.00 price target.

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Global Payments’ market cap is currently $59.04B and has a P/E ratio of 99.90. The company has a Price to Book ratio of -6.72.

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Global Payments, Inc. engages in the provision of payment technology and software solutions. It operates through the following segments: Merchant Solutions, Issuer Solutions and Business & Consumer Solutions. The Merchant Solutions segment provides payments technology and software solutions to customers globally. It also provides a variety of value-added services, including specialty point-of-sale solutions, analytic and engagement tools, payroll services and reporting that assist customers with driving demand. The Issuer Solutions segment provides solutions that enable financial institutions and other financial service providers to manage their card portfolios, reduce technical complexity and overhead and offer a seamless experience for cardholders on a single platform. It also provides commercial payments and e Payables solutions that support business-to-business payment processes for businesses and governments. The Business and Consumer Solutions segment provides general purpose reloadable prepaid debit and payroll cards, demand deposit accounts and other financial service solutions to the under banked and other consumers and businesses in the United States through Netspend brand. The company was founded in January 31, 2001 and is headquartered in Atlanta, GA.