Analyst Ratings for VeriFone Systems Inc. (PAY)Updated: 2017-07-29
An average rating of Overweight has been given to VeriFone Systems Inc. (NYSE:PAY) by analysts covering the stock. Last month, PAY received an average rating of Overweight.
22 analysts issued ratings on the stock, where 6 gave PAY a buy rating, 1 gave an overweight rating, 15 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.
Many analysts weighed in on price targets for PAY. The most optimistic analyst gave a price target of 27, implying potential capital gains of 37.13 percent. The most pessimistic analyst gave a price target of 15, implying a possible loss of -23.82 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is -13.82 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -4.67 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
In the trailing 52-weeks, PAY hit 20.98 at the highest peak, while it's lowest trading point was 14.94. Currently the stock is 31.79 percent higher than its low, and 6.15 percent lower than its 52-week high. PAY has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The PAY value stock report compares PAY to some of its peers using value stock charts. The stock has a market capitalization of $2.2 billion. PAY's next earnings release will be on 0000-00-00, which is days away.