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Deutsche Bank Thinks Global Payments’ Stock is Going to Recover

In a report issued on June 15, Bryan Keane from Deutsche Bank maintained a Buy rating on Global Payments (GPNResearch Report). The company’s shares closed last Friday at $110.93, close to its 52-week low of $105.52.

According to TipRanks.com, Keane is a 5-star analyst with an average return of 8.0% and a 56.9% success rate. Keane covers the Technology sector, focusing on stocks such as Automatic Data Processing, Fidelity National Info, and AvidXchange Holdings.

Global Payments has an analyst consensus of Strong Buy, with a price target consensus of $172.08, representing a 57.2% upside. In a report issued on June 22, RBC Capital also maintained a Buy rating on the stock with a $197.00 price target.

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The company has a one-year high of $196.88 and a one-year low of $105.52. Currently, Global Payments has an average volume of 1.76M.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GPN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Georgia-based Global Payments, Inc. provides payment technology and software solutions for card, electronic, check, and digital-based payments in North America, Europe, the Asia-Pacific, and Latin America. The company operates through the following segments: Merchant Solutions, Issuer Solutions and Business & Consumer Solutions.

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