Breaking: Square Inc (NYSE:SQ) “Hold” Rating Reaffirmed at Canaccord Genuity Today; The Price Objective is $33.0

February 15, 2018 - By Michael Collier

 Breaking: Square Inc (NYSE:SQ)

Square Inc (NYSE:SQ) Rating Reaffirmed

New York: In a report issued to investors and clients on Wednesday morning, Canaccord Genuity reaffirmed their “Hold” rating on Square Inc (NYSE:SQ) shares. They now have a $33.0 target on the firm. Canaccord Genuity’s target gives a potential downside of -25.22 % from the company’s last close price.

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 stock of Square, Inc. (NYSE:SQ) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, September 6. The stock of Square, Inc. (NYSE:SQ) has “Market Perform” rating given on Thursday, January 21 by William Blair. The company was maintained on Wednesday, October 11 by Mizuho. The rating was initiated by Piper Jaffray with “Neutral” on Thursday, May 19. Barclays Capital maintained Square, Inc. (NYSE:SQ) on Thursday, November 9 with “Overweight” rating. On Friday, February 24 the stock rating was initiated by Susquehanna with “Positive”. The rating was maintained by Evercore with “Hold” on Thursday, August 4. The firm has “Neutral” rating by Wedbush given on Monday, January 4. BTIG Research downgraded Square, Inc. (NYSE:SQ) on Wednesday, May 17 to “Neutral” rating. Keefe Bruyette & Woods maintained the shares of SQ in report on Wednesday, July 5 with “Hold” rating.

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: Marketwatch.com which released: “Square CEO Dorsey says “most” Cash users can now buy bitcoin” on January 31, 2018, also Businesswire.com with their article: “Walmart Board of Directors Adds Square, Inc. CFO Sarah Friar” published on February 08, 2018, Fool.com published: “Why 2017 Was a Year to Remember for Square, Inc.” on January 30, 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 Reuters.com‘s news article titled: “BRIEF-Walmart Board Of Directors Adds Square Inc CFO Sarah Friar” with publication date: February 08, 2018.

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