Shift4 Payments (NYSE:FOUR) Given "Outperform" Rating at Royal Bank Of Canada

Key Points

• Royal Bank of Canada reaffirmed its “Outperform” rating on Shift4 Payments and set a $67 price target, implying approximately 49.7% upside from the stock’s $44.77 price.
• Analyst sentiment is mixed: Shift4 has a consensus “Hold” rating and an average price target of $60.24, with 11 Buy, 10 Hold, and 2 Sell ratings.
• Shift4 reported quarterly EPS of $1.32, beating estimates of $1.26, while revenue rose 50.9% year over year to $1.29 billion. Institutional investors own 98.87% of the company’s shares.

Shift4 Payments (NYSE:FOUR - Get Free Report)'s stock had its "outperform" rating reissued by analysts at Royal Bank Of Canada in a research note issued on Friday, Benzinga reports. They presently have a $67.00 target price on the stock. Royal Bank Of Canada's price target indicates a potential upside of 49.66% from the company's current price.

Several other research firms also recently issued reports on FOUR. B. Riley Financial cut their price objective on shares of Shift4 Payments from $120.00 to $96.00 and set a "buy" rating on the stock in a report on Monday, August 24th. Zacks Research downgraded shares of Shift4 Payments from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Raymond James Financial set a $51.00 target price on shares of Shift4 Payments in a research report on Friday, August 7th. DA Davidson cut their price target on shares of Shift4 Payments from $74.00 to $68.00 and set a "buy" rating on the stock in a research note on Monday, August 10th. Finally, Loop Capital started coverage on shares of Shift4 Payments in a report on Wednesday, June 24th. They issued a "hold" rating and a $40.00 price target for the company. Eleven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Shift4 Payments currently has a consensus rating of "Hold" and an average target price of $60.24.

Shift4 Payments Stock Up 4.0%

NYSE FOUR traded up $1.74 on Friday, hitting $44.77. The stock had a trading volume of 157,156 shares, compared to its average volume of 1,980,160. The business's fifty day moving average price is $47.77 and its 200 day moving average price is $45.65. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 74.52, a price-to-earnings-growth ratio of 0.53 and a beta of 1.38. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.21 and a quick ratio of 1.21. Shift4 Payments has a 52-week low of $34.56 and a 52-week high of $88.51.

Shift4 Payments (NYSE:FOUR - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.06. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $615.65 million. Shift4 Payments had a return on equity of 28.40% and a net margin of 2.20%.The firm's quarterly revenue was up 50.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. Shift4 Payments has set its FY 2026 guidance at 5.150-5.350 EPS. Equities research analysts anticipate that Shift4 Payments will post 4.33 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP raised its stake in Shift4 Payments by 10.1% during the fourth quarter. Wasatch Advisors LP now owns 6,778,925 shares of the company's stock worth $426,869,000 after purchasing an additional 621,797 shares during the period. Durable Capital Partners LP raised its position in shares of Shift4 Payments by 12.6% during the 2nd quarter. Durable Capital Partners LP now owns 6,665,443 shares of the company's stock valued at $660,612,000 after buying an additional 745,650 shares during the period. Darlington Partners Capital Management LP raised its position in shares of Shift4 Payments by 2.1% during the 3rd quarter. Darlington Partners Capital Management LP now owns 5,071,725 shares of the company's stock valued at $392,552,000 after buying an additional 105,320 shares during the period. California State Teachers Retirement System grew its position in Shift4 Payments by 3,922.5% in the second quarter. California State Teachers Retirement System now owns 2,823,406 shares of the company's stock worth $137,330,000 after acquiring an additional 2,753,215 shares during the period. Finally, Ensign Peak Advisors Inc increased its stake in Shift4 Payments by 7.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 2,643,829 shares of the company's stock worth $166,482,000 after acquiring an additional 188,594 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

About Shift4 Payments

Shift4 Payments is a U.S.-based provider of integrated payment processing and technology solutions, serving merchants across the hospitality, retail, e-commerce, gaming and lodging industries. The company's platform enables businesses to accept in-store, online and mobile payments through a combination of point-of-sale hardware, payment gateway services and back-office software. By centralizing transaction processing and reporting, Shift4 aims to simplify payments, enhance security and streamline operations for its merchant customers.

The company's core offerings include encrypted point-of-sale terminals, cloud-based payment gateways, and developer-friendly APIs for online and mobile checkouts.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.