Shift4 Payments, Inc. (NYSE:FOUR) Given Average Recommendation of “Moderate Buy” by Analysts

Shift4 Payments, Inc. (NYSE:FOUR) has earned a consensus rating of “Moderate Buy” from the seventeen brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $77.84.

Several brokerages have commented on FOUR. Credit Suisse Group raised their price objective on shares of Shift4 Payments from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Morgan Stanley increased their price objective on Shift4 Payments from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Berenberg Bank began coverage on shares of Shift4 Payments in a report on Friday, October 6th. They set a “buy” rating and a $87.00 target price on the stock. Wells Fargo & Company upped their price objective on shares of Shift4 Payments from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 target price on shares of Shift4 Payments in a report on Thursday, September 28th.

Shift4 Payments Trading Up 2.7 %

Shares of FOUR opened at $58.88 on Tuesday. Shift4 Payments has a 1-year low of $41.25 and a 1-year high of $76.40. The company has a current ratio of 3.32, a quick ratio of 3.31 and a debt-to-equity ratio of 3.23. The firm’s 50-day moving average price is $52.79 and its 200-day moving average price is $59.80. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 0.54 and a beta of 1.32.

Hedge Funds Weigh In On Shift4 Payments

Several hedge funds and other institutional investors have recently modified their holdings of FOUR. Belpointe Asset Management LLC lifted its holdings in Shift4 Payments by 358.6% in the first quarter. Belpointe Asset Management LLC now owns 454 shares of the company’s stock valued at $34,000 after acquiring an additional 355 shares during the period. Fortis Capital Advisors LLC lifted its stake in shares of Shift4 Payments by 1,873.9% in the 1st quarter. Fortis Capital Advisors LLC now owns 454 shares of the company’s stock worth $34,000 after purchasing an additional 431 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Shift4 Payments in the second quarter worth approximately $34,000. C M Bidwell & Associates Ltd. bought a new stake in Shift4 Payments during the third quarter valued at approximately $35,000. Finally, State of Wyoming purchased a new stake in Shift4 Payments during the fourth quarter valued at approximately $36,000. 70.82% of the stock is owned by institutional investors.

Shift4 Payments Company Profile

Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.