What Next for Worldpay, Inc. (WP) Stock After Touching 52-Week High?

July 16, 2018 - By Jack Shaw

The stock of Worldpay, Inc. (NYSE:WP) hit a new 52-week high and has $91.01 target or 5.00 % above today’s $86.68 share price. The 5 months bullish chart indicates low risk for the $27.10 billion company. The 1-year high was reported on Jul, 16 by Barchart.com. If the $91.01 price target is reached, the company will be worth $1.36B 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 increased 0.23% or $0.195 during the last trading session, reaching $86.675. About 703,156 shares traded. Worldpay, Inc. (NYSE:WP) has risen 25.74% since July 16, 2017 and is uptrending. It has outperformed by 13.17% the S&P500.

Analysts await Worldpay, Inc. (NYSE:WP) to report earnings on August, 8. They expect $0.90 earnings per share, up 13.92 % or $0.11 from last year’s $0.79 per share. WP’s profit will be $281.40 million for 24.08 P/E if the $0.90 EPS becomes a reality. After $0.76 actual earnings per share reported by Worldpay, Inc. for the previous quarter, Wall Street now forecasts 18.42 % EPS growth.

Another recent and important Worldpay, Inc. (NYSE:WP) news was published by Seekingalpha.com which published an article titled: “Worldpay Finance gets consents from almost 75% of EUR500M notes due 2022” on July 16, 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 $27.10 billion. It operates in two divisions, Merchant Services and Financial Institution Services. It currently has negative earnings. 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.

Worldpay, Inc. (NYSE:WP) Ratings Chart

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