Breaking: Square Inc (NYSE:SQ) Hold Rating Kept by Canaccord Genuity Today; The Price Objective is $33.0

February 15, 2018 - By Henry Gaston

 Breaking: Square Inc (NYSE:SQ) Hold Rating Kept by Canaccord Genuity Today; The Price Objective is $33.0

Square Inc (NYSE:SQ) Rating Reaffirmed

Canaccord Genuity now has a $33.0 target price per share on shares of Square Inc (NYSE:SQ). The target price per share indicates a potential downside of -25.22 % from the stock close price of Square Inc (NYSE:SQ). This rating was shown in an analyst note on 8 November.

Square, Inc. (NYSE:SQ) Ratings Coverage

Among 39 analysts covering Square Inc (NYSE:SQ), 21 have Buy rating, 1 Sell and 17 Hold. Therefore 54% are positive. Square Inc has $48 highest and $8 lowest target. $27.67’s average target is -37.30% below currents $44.13 stock price. Square Inc had 114 analyst reports since November 20, 2015 according to SRatingsIntel. The company was maintained on Monday, November 20 by Credit Suisse. As per Thursday, March 31, the company rating was downgraded by Monness Crespi & Hardt. The stock of Square, Inc. (NYSE:SQ) earned “Hold” rating by Piper Jaffray on Wednesday, August 2. On Tuesday, December 20 the stock rating was initiated by Nomura with “Buy”. RBC Capital Markets maintained Square, Inc. (NYSE:SQ) rating on Tuesday, September 5. RBC Capital Markets has “Buy” rating and $31.0 target. Credit Suisse initiated Square, Inc. (NYSE:SQ) rating on Wednesday, October 19. Credit Suisse has “Neutral” rating and $12 target. Needham maintained Square, Inc. (NYSE:SQ) on Thursday, February 23 with “Buy” rating. Canaccord Genuity maintained Square, Inc. (NYSE:SQ) on Thursday, February 23 with “Hold” rating. The stock of Square, Inc. (NYSE:SQ) has “Outperform” rating given on Friday, November 17 by Evercore. As per Wednesday, July 19, the company rating was maintained by RBC Capital Markets.

The stock increased 5.45% or $2.28 during the last trading session, reaching $44.13. About 11.44M shares traded. Square, Inc. (NYSE:SQ) has risen 107.40% since February 15, 2017 and is uptrending. It has outperformed by 90.70% the S&P500.

Analysts await Square, Inc. (NYSE:SQ) to report earnings on February, 28. They expect $-0.04 EPS, 0.00 % or $0.00 from last year’s $-0.04 per share. After $-0.02 actual EPS reported by Square, Inc. for the previous quarter, Wall Street now forecasts 100.00 % negative EPS growth.

Square, Inc. develops and provides payment processing, point-of-sale , financial, and marketing services worldwide. The company has market cap of $17.15 billion. It provides Square Point of Sale, a POS application software that offers managed payments solutions and advanced software products, including Square Dashboard, a cloud reporting and analytics tool that provides sellers with real-time data and insights about sales, items, customers, and employees; Square Payroll, which empowers sellers to hire, onboard, and pay employees and the associated taxes; and customer engagement tools that help sellers to enhance their business through digital customer feedback, marketing, and loyalty programs. It currently has negative earnings. The firm also offers in-person/card present payments solutions, such as magstripe readers, contactless and chip readers, and chip card readers; and Square Stand that transforms an iPad into a POS terminal.

More notable recent Square, Inc. (NYSE:SQ) news were published by: Marketwatch.com which released: “Square CEO Dorsey says “most” Cash users can now buy bitcoin” on January 31, 2018, also Usnews.com with their article: “Is Square Taking a Risk With Bitcoin Trades?” published on February 01, 2018, Finance.Yahoo.com published: “Here’s Why Shares of Square, Inc. Spiked 154% in 2017” on January 17, 2018. More interesting news about Square, Inc. (NYSE:SQ) were released by: Fool.com and their article: “Why 2017 Was a Year to Remember for Square, Inc.” published on January 30, 2018 as well as Seekingalpha.com‘s news article titled: “An Analysis Of Square’s Revenue Potential” with publication date: February 07, 2018.

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