Global Payments Inc
GPN: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$563.00 | Kcrnj | Byshgyk |
Global Payments Earnings: Growth Holds Steady
Narrow-moat Global Payments largely maintained its recent path in the first quarter. In the quarter, overall adjusted revenue increased 7% year over year. We think the company's ability to continue to generate solid top-line growth and some margin expansion supports our view that it can retain its long-term competitive position within the evolving payments space. We will maintain our $179 fair value estimate, and we see shares as undervalued at the moment.