Paypal (NASDAQ:PYPL)‘s stock had its “buy” rating reaffirmed by equities researchers at KeyCorp in a report issued on Friday. They presently have a $90.00 target price on the credit services provider’s stock. KeyCorp’s target price suggests a potential upside of 19.52% from the stock’s previous close.
Several other equities research analysts have also commented on the stock. Barclays lifted their price target on shares of Paypal from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Zacks Investment Research lowered shares of Paypal from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Argus lifted their price target on shares of Paypal from $80.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Citigroup reiterated a “buy” rating and set a $87.00 price target on shares of Paypal in a research note on Friday, November 17th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $85.00 price target (up from $74.00) on shares of Paypal in a research note on Friday, November 17th. Ten investment analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Paypal presently has a consensus rating of “Buy” and an average target price of $73.24.
Shares of Paypal (NASDAQ PYPL) traded down $0.43 during trading hours on Friday, reaching $75.30. 13,387,700 shares of the company traded hands, compared to its average volume of 7,772,878. Paypal has a 12-month low of $38.06 and a 12-month high of $79.39. The firm has a market cap of $90,503.83, a price-to-earnings ratio of 53.79, a P/E/G ratio of 3.08 and a beta of 1.03.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same period last year, the business earned $0.35 EPS. Paypal’s revenue for the quarter was up 21.4% compared to the same quarter last year. analysts anticipate that Paypal will post 1.37 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. San Francisco Sentry Investment Group CA boosted its holdings in Paypal by 352.8% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after buying an additional 1,217 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Paypal during the third quarter worth about $113,000. Kistler Tiffany Companies LLC lifted its holdings in shares of Paypal by 511.9% in the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after purchasing an additional 1,684 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in shares of Paypal by 171.4% in the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 1,808 shares in the last quarter. Finally, Thompson Davis & CO. Inc. lifted its holdings in shares of Paypal by 294.3% in the third quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock valued at $155,000 after purchasing an additional 1,807 shares in the last quarter. 80.81% of the stock is currently owned by hedge funds and other institutional investors.
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Paypal Company Profile
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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