TOday’s Movers: Square Inc (NYSE:SQ) Stock Rating Reaffirmed at Canaccord Genuity; $33.0 Target Price Indicates -25.22 % Potential

February 15, 2018 - By Henry Gaston

 TOday’s Movers: Square Inc (NYSE:SQ) Stock Rating Reaffirmed at Canaccord Genuity; $33.0 Target Price Indicates  25.22 % Potential

Square Inc (NYSE:SQ) Rating Reaffirmed

The firm has just set a target price of $33.0 on Square Inc (NYSE:SQ) shares. This is -25.22 % from the last stock close price. In an analyst report made public on Wednesday, 8 November, Canaccord Genuity kept their Hold rating on shares of SQ.

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. As per Wednesday, October 18, the company rating was maintained by Citigroup. RBC Capital Markets initiated Square, Inc. (NYSE:SQ) rating on Monday, December 14. RBC Capital Markets has “Outperform” rating and $15 target. The stock has “Hold” rating by Topeka Capital Markets on Tuesday, December 15. Stifel Nicolaus maintained Square, Inc. (NYSE:SQ) rating on Thursday, July 27. Stifel Nicolaus has “Buy” rating and $2700 target. Mizuho maintained the shares of SQ in report on Thursday, November 9 with “Buy” rating. The firm has “Neutral” rating by Susquehanna given on Wednesday, December 9. The stock of Square, Inc. (NYSE:SQ) earned “Buy” rating by Citigroup on Friday, February 17. The company was maintained on Thursday, August 4 by Wedbush. The stock of Square, Inc. (NYSE:SQ) earned “Buy” rating by Guggenheim on Tuesday, December 20. The firm has “Buy” rating given on Thursday, November 16 by Goldman Sachs.

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 earnings per share, 0.00 % or $0.00 from last year’s $-0.04 per share. After $-0.02 actual earnings per share 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: Seekingalpha.com which released: “An Analysis Of Square’s Revenue Potential” on February 07, 2018, also Usnews.com with their article: “Is Square Taking a Risk With Bitcoin Trades?” published on February 01, 2018, Marketwatch.com published: “Square CEO Dorsey says “most” Cash users can now buy bitcoin” on January 31, 2018. More interesting news about Square, Inc. (NYSE:SQ) were released by: Finance.Yahoo.com and their article: “Here’s Why Shares of Square, Inc. Spiked 154% in 2017” published on January 17, 2018 as well as Seekingalpha.com‘s news article titled: “Square: After The Bitcoin Craze” with publication date: February 13, 2018.

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