VeriFone Systems Inc (PAY) is Downgraded by Piper Jaffray to Neutral
Sep 02 2016 by Johnny Bowman
On Nov 4, 2015 the shares registered one year high at $31.24 and the one year low of $16.99 was seen on Jun 27, 2016.
GrubHub Inc (NYSE:GRUB) now has mean rating of 2.2 while 4 analyst have recommended the shares as "BUY", 6 commented as "OUTPERFORM" and 11 commented as "HOLD". The mean price target is calculated keeping in view the consensus of 15 brokerage firms.
The stock price demonstrated downbeat change from its 50 day moving average of 19.18 and had been down from its 200 Day Moving Average of 23.50.
Also covering VeriFone Systems Inc's price target, a total of 18 analysts have reported on the stock. Our outlook for Q4 now assumes a significantly slower EMV rollout, and we are projecting fiscal year 2017 consolidated revenues to be approximately 3% below fiscal year 2016 levels. The firm's earnings before interest, tax, depreciation and amortization (EBITDA) calculated at -34.81M for the last 12 months. Piper Jaffray Cos. reiterated a "buy" rating and set a $38.00 target price on shares of VeriFone Systems in a research report on Wednesday, June 1st.
Standpoint Research is a brokerage house chasing shares of VeriFone Systems, Inc. (PAY). The consensus rating is 2.2, suggesting the market has given up on the stock.
In VeriFone Systems Inc (NYSE:PAY) latest quarter ended on 30 April 2016, company announced earnings of $0.47. The stock now has an average rating of Hold and a consensus target price of $29.27. The ratio improved, as 52 funds sold all VeriFone Systems Inc shares owned while 82 reduced positions. Now shares have been suggested as "BUY" from "1" brokerage firms and recommended as "Strong Buy" by "8" brokerage firms.
VeriFone Systems Inc (NYSE:PAY)'s mean EPS estimate was $0.40 for the quarter ended on 10/2015, while it reported EPS of $0.45 on 12/14/2015 After Market Close, beating the analysts' consensus estimate by 0.05 with surprise factor of 12.50%. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock.
Crown Holdings Inc. (NYSE:CCK) closed up +0.54 points or 1% at $54.77 with 1.41 mln shares exchanging hands. Jackson Square Partners LLC now owns 10,999,485 shares of the company's stock worth $403,224,000 after buying an additional 1,037,198 shares during the last quarter.
For the current (fiscal fourth) quarter, Verifone anticipates adjusted revenue of $460 million, and adjusted net income per share in the range of $0.28 to $0.29. Baker Ellis Asset Management LLC raised its stake in VeriFone Systems by 6.1% in the second quarter. Cambiar Investors LLC raised its stake in VeriFone Systems by 13.1% in the second quarter. A EVP, Engineering & CTO at VeriFone Systems, Inc. The Company is engaged in the secure electronic payment solutions.