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VeriFone Systems Inc (NYSE:PAY) target price raised to $21.50, reported today by Vetr Inc.

Vetr Inc. raised the price target of VeriFone Systems Inc (NYSE:PAY) to $22, indicating a possible upside of 0.11%.

On 6/20/2016, Imperial Capital released a statement about VeriFone Systems Inc(NYSE:PAY) dropped the target price from $32.00 to $24.00. At the time, this indicated a possible upside of 0.28%.

Yesterday VeriFone Systems Inc (NYSE:PAY) traded 0.92% lower at $19.36. The company’s 50-day average is $18.75 and its 200-day average is $23.17. With the last stock price close down 30.44% from the two hundred day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. 2,608,235 shares of VeriFone Systems Inc were exchanged, down from ann average trading volume of 3,103,790.

Performance Graphic:

VeriFone Systems Inc (NYSE:PAY)

With a total market value of $0.0, VeriFone Systems Inc has a price-earnings of 54 with a 52 week low of $16.00 and a one-year high of $31.24.

A total of 18 firms have reported on the company. Zero rate the stock a strong buy, 0 rate the company a buy, 0 firms rate the company a hold, 0 rate the stock to underperform, and lastly 0 firmsrate the stock as sell with a 12-month target stock price of $27.89

More About VeriFone Systems Inc (NYSE:PAY)

VeriFone Systems, Inc. is engaged in providing electronic payment solutions at the point of sale (POS). The Company designs, manufactures, markets and supplies a range of payment solutions and complementary services that enable secure electronic payment transactions and value-added services at the POS. Its segments include North America, Latin America, EMEA and Asia-Pacific. The North America segment consists of operations in the United States and Canada. The Latin America segment operates in South America, Central America, Mexico and the Caribbean. The EMEA segment consists of operations in Europe, Russia, the Middle East and Africa. The Asia-Pacific segment operates in Australia, New Zealand, China, India, and throughout the rest of Greater Asia, including other Asia-Pacific Rim countries. Its services offerings include payment-as-a-service solutions, managed services and terminal management solutions, payment-enabled media, and in-taxi payment solutions and security solutions.

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