Nuvei Corporation Stock Intrinsic Value – Raymond James Downgrades Nuvei Corporation Target Price From $49.00 to $47.00
May 20, 2023
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Nuvei Corporation ($TSX:NVEI) is a global payment technology company that facilitates secure online payments and offers innovative technologies to merchants, partners, and financial institutions. On Thursday, research analysts at Raymond James reduced Nuvei’s target price from $49.00 to $47.00 in a report issued on Thursday. This was a surprising move as the target price had been set at a significantly higher figure only weeks before. The reduction in target price will have an immediate effect on Nuvei’s stock price and may result in investors selling their shares. The new target price places Nuvei at a disadvantage relative to other payment technology companies, making their stock less attractive. Nuvei Corporation has been working hard to expand its presence in the payments industry. Despite this, the reduced target price may affect investor confidence in the company. Nuvei will need to work hard to regain investor trust in order to stay competitive.
Additionally, the reduced target price could also make it difficult for Nuvei to secure financing for further expansion efforts. Overall, while the reduction in Nuvei’s target price has raised concerns among investors, the company is determined to continue innovating to remain competitive in the payments sector.
Market Price
This news had an immediate impact on the stock price of NUVEI CORPORATION as it opened at CA$46.9 and closed at CA$45.8, which was a 2.5% decrease from its previous closing price of 47.0. This downgrade caused some investors to be concerned about the future of the company, and the stock price dropped accordingly. It remains to be seen how the company will respond to this downgrade and what impact it will have on its long-term prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nuvei Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 885.28 | 43.95 | 3.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nuvei Corporation. More…
| Operations | Investing | Financing |
| 258.71 | -1.48k | 623.81 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nuvei Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.54k | 2.57k | 14.11 |
Key Ratios Snapshot
Some of the financial key ratios for Nuvei Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 50.8% | 71.3% | 12.5% |
| FCF Margin | ROE | ROA |
| 23.8% | 3.5% | 1.5% |
Analysis – Nuvei Corporation Stock Intrinsic Value
GoodWhale is proud to offer an analysis of NUVEI CORPORATION‘s financials. Our proprietary Valuation Line has calculated the intrinsic value of NUVEI CORPORATION’s share to be around CA$109.7. This means that the current market price of CA$45.8 is undervalued by 58.2%. For investors looking for a bargain, this could be a great opportunity to seize upon. More…
Peers
The company offers a range of products and services that enable businesses to accepted payments, manage fraud and risk, and grow their business. Nuvei Corp competes with Qumu Corp, Ipsidy Inc, and ServiceSource International Inc.
– Qumu Corp ($NASDAQ:QUMU)
Quamu Corp is a provider of video streaming and conferencing solutions. The company has a market cap of 15.41M and a ROE of -144.27%. Quamu’s solutions are used by businesses and organizations to improve communication and collaboration. The company’s products are designed to provide high quality video and audio streaming, as well as to enable users to share documents and files. Quamu also offers a variety of features to its customers, such as the ability to record and playback meetings, and to share screens and presentations.
– Ipsidy Inc ($NASDAQ:AUID)
Ipsidy Inc is a biometrics company that provides identity management and security solutions. The company has a market capitalization of $34.21 million and a return on equity of -144.93%. Ipsidy’s products and services are used by government agencies, businesses, and consumers to secure physical and digital places.
Summary
Nuvei Corporation is a publicly traded global payments technology provider. Investment analysts at Raymond James recently downgraded their target price on Nuvei from $49.00 to $47.00. This downgrade was likely due to market conditions or a reassessment of the company’s growth potential. Investors may want to take a closer look at Nuvei’s financials and consider the potential risks and rewards of investing in the company.
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