First Data shares could rise more than 70 percent: Barron’s

The payments processor, who have seen shares fall 20 percent since the IPO in 2015, making progress strengthening the balance sheet and the recover...


First Data shares could rise more than 70 percent: Barron's

The payments processor, who have seen shares fall 20 percent since the IPO in 2015, making progress strengthening the balance sheet and the recovery of its business, Barron’s said.

Under Chief Executive Officer Frank Bisignano, First Data has improved its technology, pay off debts and creditors to postpone to 2021 $ 5 billion in debt payments that were payable in 2018. Improved technology and his sales technique aid First Data needs to generate more revenue, Barron’s said.

First Dates are betting on a new platform called Clover helping to manage small businesses payments easier. The product is intended to increase customer loyalty.

First Data’s shares at about $ 11 trading eight times estimated 2016 earnings that are less than half the level of a number of competitors, added Barron’s.

(Reporting by Olivia Oran; Editing by Chris Reese)

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