Use This Chance To Buy Global Payments Inc. (GPN), Teekay Tankers Ltd. (TNK) – The RNS Daily

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A look at GPN technical analysis shows that its 14-day Relative Strength Index (RSI) is in a overbought zone after reaching 78.27 point. Its trading volume has lost -221123 shares compared to readings over the past three months as it recently exchanged 1188877 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1410000 shares, and this is 0.84 times the normal volume.

Global Payments Inc. (NYSE:GPN) climbed by 28.14% over the past three months which led to its overall six-month increase to stand at 5.91%. The equity price rose 2.66% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 14.64% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 12.87% and is now up by 28.96% since start of this year.

The shares of Global Payments Inc. advanced by 0.38% or -$-0.5 from its last recorded high of $132.5 which it attained on March 13 to close at $133 per share. Over the past 52 weeks, the shares of Global Payments Inc. has been trading as low as $94.81 before witnessing a massive surge by 40.28% or $38.19. This price movement has led to the GPN stock receiving more attention and has become one to watch out for. It jumped by 0.84% on Wednesday and this got the market excited. The stock’s beta now stands at 1.2 and when compared to its 200-day moving average and its 50-day moving average, GPN price stands 14.9% above and 13.35% above respectively. Its average daily volatility for this week is 1.4% which is less than the 1.46% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Global Payments Inc. (GPN) with most of them predicting a $139.03 price target on a short-term (12 months) basis. The average price target by the analysts will see a 4.53% rise in the stock and would lead to GPN’s market cap to surge to $21.84B. The stock has been rated an average 1.9, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 32 analysts that track Global Payments Inc. (NYSE:GPN) and find out that 6 of them rated it as a Hold. 26 of the 26 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Teekay Tankers Ltd. (NYSE:TNK) currently stands at $1 after it went down by $-0.01 or -0.99% and has found a strong support at $0.96 a share. If the TNK price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $0.92 mark would also be bad for the stock as it means that the stock would plunge by 8% from its current position. However, if the stock price is able to trade above the resistance point around $1.04, then it could likely surge higher to try and break the upward resistance which stands at $1.07 a share. Its average daily volatility over the past one month stands at 4.69%. The stock has plunged by 4.8% from its 52-weeks high of $0.952 which it reached on Jun. 25, 2018. In general, it is 13% above its 52-weeks lowest point which stands at $0.87 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for Teekay Tankers Ltd. (TNK) for 1 year and it stands at an average $1.51/share. This means that it would likely increase by 51% from its current position. The current price of the stock has been moving between $0.952 and $1.03. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $1. On the other hand, one analyst is super bullish about the price, setting a target as high as $2.5.

The TNK stock Stochastic Oscillator (%D) is at 23.84%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 0.35 which compares to the 2.49 recorded by the industry or the 10.3 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 2.02, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 41.5% over the past five years.

Analysts view Teekay Tankers Ltd. (NYSE:TNK) as a Hold, with 2.6 consensus rating. Reuters surveyed 10 analysts that follow TNK and found that 4 of those analysts rated the stock as a Hold. The remaining 6 were divided, with 4 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Teekay Tankers Ltd. (TNK) shares or sell it if they already own it.

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