Verifone Systems (PAY) Receives ‘Analyst’ Rating

Verifone Systems (PAY) : The consensus on Verifone Systems (PAY) based on 17 analyst recommendation on the company stock is 2.35, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 11 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Verifone Systems (PAY) : The most positive equity analysts on Verifone Systems (PAY) expects the shares to touch $23, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $19.69 with an expected fluctuation of $2.1 from the mean.


Also, BTIG Research initiates coverage on Verifone Systems (NYSE:PAY) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $21 per share. The rating by the firm was issued on September 9, 2016.

Verifone Systems (NYSE:PAY): After opening at $15.97, the stock dipped to an intraday low of $15.97 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.48 and the buying power remained strong till the end. The stock closed at $16.27 for the day, a gain of 1.56% for the day session. The total traded volume was 2,440,867. The stocks close on the previous trading day was $16.02.

VeriFone Systems, Inc. (VeriFone), formerly VeriFone Holdings, Inc. is a holding company of VeriFone, Inc. The Company is engaged in the secure electronic payment solutions. Its system solutions consist of point of sale (POS) electronic payment devices that run its and third-party operating systems, security and encryption software, and certified payment software, as well as other third-party value-added applications. Its system solutions process a range of payment types. The Companys electronic payment systems are available in several modular configurations, offering its support to a range of connectivity options. The Company also offers customers technical support for installed payment systems, consulting services, and project management services for system deployment, and customization of integrated software solutions. It provides solutions, and services for the financial services, retail, petroleum, restaurant, hospitality, taxi, transportation, and healthcare markets.

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