Citigroup Has Just Reported a Downgrade of Square Inc (NYSE:SQ) with a $38.0 Target Price per Share

February 15, 2018 - By Hazel Jackson

  Citigroup Has Just Reported a Downgrade of Square Inc (NYSE:SQ) with a $38.0 Target Price per Share

Square Inc (NYSE:SQ) Receives a Downgrade

In a report released moments ago, Citigroup cut their rating for shares of Square Inc (NYSE:SQ) to a Hold. Analysts currently have set a $38.0 target price on the stock. Citigroup’s target price would suggest a possible downside of -14.57 % from the last stock price of the stock.

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 -37.79% below currents $44.48 stock price. Square Inc had 114 analyst reports since November 20, 2015 according to SRatingsIntel. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, August 2. The firm has “Buy” rating by Mizuho given on Wednesday, October 11. Piper Jaffray maintained the shares of SQ in report on Monday, July 24 with “Hold” rating. The company was initiated on Monday, December 14 by JP Morgan. Mizuho maintained Square, Inc. (NYSE:SQ) on Thursday, November 9 with “Buy” rating. As per Wednesday, July 19, the company rating was maintained by RBC Capital Markets. The company was maintained on Thursday, November 9 by Craig Hallum. Barclays Capital maintained Square, Inc. (NYSE:SQ) on Thursday, August 3 with “Overweight” rating. On Thursday, August 4 the stock rating was maintained by Deutsche Bank with “Hold”. The firm earned “Buy” rating on Wednesday, October 11 by Jefferies.

The stock increased 6.28% or $2.63 during the last trading session, reaching $44.48. About 14.69M 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 $17.28 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: Finance.Yahoo.com which released: “Here’s Why Shares of Square, Inc. Spiked 154% in 2017” on January 17, 2018, also Seekingalpha.com with their article: “An Analysis Of Square’s Revenue Potential” published on February 07, 2018, Businesswire.com published: “Walmart Board of Directors Adds Square, Inc. CFO Sarah Friar” on February 08, 2018. More interesting news about Square, Inc. (NYSE:SQ) were released by: Usnews.com and their article: “Is Square Taking a Risk With Bitcoin Trades?” published on February 01, 2018 as well as Marketwatch.com‘s news article titled: “Square CEO Dorsey says “most” Cash users can now buy bitcoin” with publication date: January 31, 2018.

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