What’s in Worldpay, Inc. (WP) After Reaching 52-Week High?

March 14, 2018 - By Marguerite Chambers

The stock of Worldpay, Inc. (NYSE:WP) hit a new 52-week high and has $88.70 target or 5.00 % above today’s $84.48 share price. The 7 months bullish chart indicates low risk for the $26.62 billion company. The 1-year high was reported on Mar, 14 by Barchart.com. If the $88.70 price target is reached, the company will be worth $1.33B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.65% or $0.55 during the last trading session, reaching $84.48. About 1.35M shares traded. Worldpay, Inc. (NYSE:WP) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Worldpay, Inc. (NYSE:WP) to report earnings on April, 25. They expect $0.75 earnings per share, up 19.05 % or $0.12 from last year’s $0.63 per share. WP’s profit will be $236.34 million for 28.16 P/E if the $0.75 EPS becomes a reality. After $0.90 actual earnings per share reported by Worldpay, Inc. for the previous quarter, Wall Street now forecasts -16.67 % negative EPS growth.

More notable recent Worldpay, Inc. (NYSE:WP) news were published by: Bizjournals.com which released: “Another big Cincinnati company gives raises, bonuses following tax reform” on March 05, 2018, also Prnewswire.com with their article: “Worldpay Reports Fourth Quarter and Full-Year 2017 Results” published on February 28, 2018, Prnewswire.com published: “Worldpay, Inc. to Announce Fourth Quarter and Full-Year 2017 Financial Results …” on February 12, 2018. More interesting news about Worldpay, Inc. (NYSE:WP) were released by: Prnewswire.com and their article: “Worldpay’s CFO, Stephanie Ferris, Recognized as One of the Most Influential …” published on March 14, 2018 as well as Prnewswire.com‘s news article titled: “Worldpay launches DataEdge for Financial Institutions” with publication date: February 22, 2018.

Worldpay, Inc., through its subsidiary Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States. The company has market cap of $26.62 billion. It operates in two divisions, Merchant Services and Financial Institution Services. It has a 105.6 P/E ratio. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management to merchants, and regional and small-to-mid sized businesses.

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