Analysts at RBC Capital Maintain their Hold rating for Verifone (PAY) with $20.0 Target; Long Island Iced Tea CORP. – Common (LTEA) Sellers Increased By 84.39% Their Shorts

November 15, 2017 - By Henry Gaston

Among 31 analysts covering Verifone Systems Inc. (NYSE:PAY), 10 have Buy rating, 1 Sell and 20 Hold. Therefore 32% are positive. Verifone Systems Inc. has $44 highest and $15 lowest target. $24.43’s average target is 38.10% above currents $17.69 stock price. Verifone Systems Inc. had 71 analyst reports since August 5, 2015 according to SRatingsIntel. Piperjaffray downgraded the stock to “Neutral” rating in Friday, September 2 report. Imperial Capital maintained VeriFone Systems Inc (NYSE:PAY) on Tuesday, June 13 with “In-Line” rating. Jefferies maintained VeriFone Systems Inc (NYSE:PAY) rating on Monday, September 11. Jefferies has “Buy” rating and $23 target. The firm earned “Sector Weight” rating on Wednesday, June 8 by Pacific Crest. As per Wednesday, September 6, the company rating was downgraded by Northcoast. As per Wednesday, June 8, the company rating was downgraded by Barclays Capital. The company was maintained on Thursday, March 23 by Imperial Capital. The rating was maintained by Barclays Capital on Friday, September 2 with “Equal-Weight”. The firm has “Outperform” rating by Wedbush given on Friday, September 4. TheStreet downgraded the shares of PAY in report on Wednesday, August 5 to “Hold” rating.

Long Island Iced Tea CORP. – Common (NASDAQ:LTEA) had an increase of 84.39% in short interest. LTEA’s SI was 139,400 shares in November as released by FINRA. Its up 84.39% from 75,600 shares previously. With 89,000 avg volume, 2 days are for Long Island Iced Tea CORP. – Common (NASDAQ:LTEA)’s short sellers to cover LTEA’s short positions. The SI to Long Island Iced Tea CORP. – Common’s float is 2.76%. It closed at $2.69 lastly. It is down 41.63% since November 15, 2016 and is downtrending. It has underperformed by 58.33% the S&P500.

Long Island Iced Tea Corp. is a holding firm operating through its subsidiary, Long Island Brand Beverages, LLC . The company has market cap of $26.24 million. The Firm is engaged in the production and distribution of Non-Alcoholic Ready-to-Drink (NARTD) iced tea in the beverage industry. It currently has negative earnings. It is organized around its brand, Long Island Iced Tea.

VeriFone Systems, Inc. offers payments and commerce solutions. The company has market cap of $1.98 billion. The Firm is engaged in designing, manufacturing, marketing and supplying a range of payment solutions and complementary services. It currently has negative earnings. It provides solutions and services for the retail point-of-sale that enable various forms of commerce.

It closed at $17.69 lastly. It is down 31.93% since November 15, 2016 and is downtrending. It has underperformed by 48.63% the S&P500.

Analysts await VeriFone Systems Inc (NYSE:PAY) to report earnings on December, 12 after the close. They expect $0.35 EPS, up 66.67% or $0.14 from last year’s $0.21 per share. PAY’s profit will be $39.17M for 12.64 P/E if the $0.35 EPS becomes a reality. After $0.28 actual EPS reported by VeriFone Systems Inc for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

Investors sentiment increased to 1.16 in 2017 Q2. Its up 0.11, from 1.05 in 2017Q1. It improved, as 30 investors sold VeriFone Systems Inc shares while 71 reduced holdings. 32 funds opened positions while 85 raised stakes. 117.62 million shares or 2.67% more from 114.56 million shares in 2017Q1 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 4,375 shares or 0% of the stock. Bbva Compass Financial Bank accumulated 19,628 shares. Geode Cap Ltd Llc has invested 0.01% in VeriFone Systems Inc (NYSE:PAY). Raymond James Financial Advsr Incorporated reported 39,257 shares. Northwestern Mutual Wealth Management holds 133 shares or 0% of its portfolio. The Pennsylvania-based Glenmede Trust Communications Na has invested 0% in VeriFone Systems Inc (NYSE:PAY). Hsbc Plc invested in 0% or 16,258 shares. New York State Teachers Retirement Systems invested in 196,900 shares or 0.01% of the stock. Guinness Asset invested 0.68% in VeriFone Systems Inc (NYSE:PAY). Fisher Asset Mngmt Limited Liability has 0.1% invested in VeriFone Systems Inc (NYSE:PAY). Jane Street Gp Limited Liability owns 1.58 million shares. Jackson Square Prtn Ltd invested in 0.24% or 2.56 million shares. Tower Research Cap Lc (Trc) holds 0% of its portfolio in VeriFone Systems Inc (NYSE:PAY) for 2,041 shares. Liberty Mutual Grp Asset Mgmt Inc reported 44,945 shares. Grt Capital Partners Ltd Limited Liability Company reported 45,798 shares stake.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Twitter Auto Publish Powered By : XYZScripts.com