Square Inc (NYSE:SQ) Receives a Higher Rating From Evercore ISI. Is it Time to Buy Shares?

February 25, 2018 - By Kurt Siggers

  Square Inc (NYSE:SQ) Receives a Higher Rating From Evercore ISI. Is it Time to Buy Shares?

Square Inc (NYSE:SQ) Stock Upgrade

In a note shared with investors and clients on 17 November, investment analysts at Evercore ISI’s research division boosted their rating on shares of Square Inc (NYSE:SQ) stock to a “Buy”.

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 -38.32% below currents $44.86 stock price. Square Inc had 114 analyst reports since November 20, 2015 according to SRatingsIntel. The rating was upgraded by Pacific Crest to “Overweight” on Monday, November 14. Barclays Capital maintained it with “Overweight” rating and $37 target in Thursday, November 9 report. The firm has “Buy” rating by KeyBanc Capital Markets given on Monday, September 11. The rating was maintained by Jefferies with “Buy” on Monday, November 13. As per Thursday, February 23, the company rating was maintained by Canaccord Genuity. The company was initiated on Monday, December 14 by Deutsche Bank. RBC Capital Markets maintained the shares of SQ in report on Wednesday, July 19 with “Buy” rating. As per Wednesday, August 2, the company rating was maintained by Piper Jaffray. The stock of Square, Inc. (NYSE:SQ) has “Neutral” rating given on Thursday, August 3 by Credit Suisse. The stock of Square, Inc. (NYSE:SQ) has “Neutral” rating given on Thursday, March 31 by Monness Crespi & Hardt.

The stock decreased 0.09% or $0.04 during the last trading session, reaching $44.86. About 7.90M shares traded. Square, Inc. (NYSE:SQ) has risen 107.40% since February 25, 2017 and is uptrending. It has outperformed by 90.70% the S&P500.

Analysts await Square, Inc. (NYSE:SQ) to report earnings on February, 27 after the close. 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 $17.43 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: Fool.com which released: “4 Reasons I Bought Square, Inc. Stock” on February 24, 2018, also Marketwatch.com with their article: “Square stock rises after analyst cites a metric by which shares look cheap” published on February 21, 2018, Usnews.com published: “Is Square Taking a Risk With Bitcoin Trades?” on February 01, 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: “Square bear sees 33% downside” with publication date: February 20, 2018.

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