Paypal (NASDAQ:PYPL)‘s stock had its “overweight” rating reissued by Cantor Fitzgerald in a note issued to investors on Friday, November 17th, The Fly reports. They currently have a $85.00 price objective on the credit services provider’s stock, up from their previous price objective of $79.00. Cantor Fitzgerald’s price target suggests a potential upside of 19.77% from the company’s previous close.
Several other research analysts also recently weighed in on PYPL. Vetr upgraded Paypal from a “hold” rating to a “buy” rating and set a $60.76 target price on the stock in a research note on Thursday, August 10th. Goldman Sachs Group reiterated a “conviction-buy” rating and issued a $72.00 target price (up from $60.00) on shares of Paypal in a research note on Thursday, July 27th. Robert W. Baird reiterated an “outperform” rating and issued a $65.00 target price (up from $59.00) on shares of Paypal in a research note on Thursday, July 27th. Susquehanna Bancshares restated a “positive” rating and issued a $75.00 price target (up from $67.00) on shares of Paypal in a research note on Friday, September 29th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $66.00 price target on shares of Paypal in a research note on Wednesday, September 27th. Ten equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and three have assigned a strong buy rating to the company. Paypal currently has an average rating of “Buy” and a consensus target price of $73.24.
Paypal (PYPL) opened at $70.97 on Friday. The company has a market capitalization of $85,300.00 and a P/E ratio of 53.79. Paypal has a 12-month low of $38.65 and a 12-month high of $79.39.
Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The firm’s revenue was up 21.4% compared to the same quarter last year. research analysts predict that Paypal will post 1.37 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Edgewood Management LLC grew its position in Paypal by 3.7% during the first quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock valued at $798,817,000 after acquiring an additional 663,087 shares during the period. Apertura Capital LLC grew its position in Paypal by 16.7% during the first quarter. Apertura Capital LLC now owns 175,000 shares of the credit services provider’s stock valued at $7,529,000 after acquiring an additional 25,000 shares during the period. Balentine LLC grew its position in Paypal by 28.7% during the first quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after acquiring an additional 780 shares during the period. Primecap Management Co. CA grew its position in Paypal by 3.0% during the first quarter. Primecap Management Co. CA now owns 4,957,900 shares of the credit services provider’s stock valued at $213,289,000 after acquiring an additional 144,200 shares during the period. Finally, Global X Management Co. LLC grew its position in Paypal by 13.1% during the first quarter. Global X Management Co. LLC now owns 12,421 shares of the credit services provider’s stock valued at $534,000 after acquiring an additional 1,443 shares during the period. 80.81% of the stock is owned by 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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