Paypal (NASDAQ:PYPL) had its price objective boosted by investment analysts at Monness Crespi & Hardt from $80.00 to $88.00 in a research note issued on Monday, November 20th, Marketbeat reports. The firm currently has a “buy” rating on the credit services provider’s stock. Monness Crespi & Hardt’s target price would suggest a potential upside of 19.42% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Vetr raised shares of Paypal from a “hold” rating to a “buy” rating and set a $79.66 price target on the stock in a research note on Monday, November 20th. BTIG Research restated a “buy” rating and issued a $81.00 price objective on shares of Paypal in a report on Sunday, November 19th. Credit Suisse Group restated an “outperform” rating and issued a $85.00 price objective (up from $74.00) on shares of Paypal in a report on Friday, November 17th. Deutsche Bank increased their target price on shares of Paypal to $88.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $85.00 target price (up from $79.00) on shares of Paypal in a report on Friday, November 17th. Ten analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $73.25.
Shares of Paypal (PYPL) traded up $0.55 on Monday, hitting $73.69. 7,932,612 shares of the stock were exchanged, compared to its average volume of 7,896,136. The firm has a market capitalization of $85,575.99, a price-to-earnings ratio of 50.86, a P/E/G ratio of 2.92 and a beta of 1.03. Paypal has a 1-year low of $39.02 and a 1-year high of $79.39.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the Zacks’ 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 business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the prior year, the business earned $0.35 earnings per share. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. research analysts predict that Paypal will post 1.37 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PYPL. San Francisco Sentry Investment Group CA boosted its position 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 purchasing an additional 1,217 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Paypal during the third quarter worth about $113,000. Kistler Tiffany Companies LLC boosted its position in Paypal by 511.9% during the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after purchasing an additional 1,684 shares during the period. Archford Capital Strategies LLC boosted its position in Paypal by 65.4% during the first quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after purchasing an additional 1,281 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its position in Paypal by 171.4% during the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 1,808 shares during the period. Hedge funds and other institutional investors own 80.81% of the company’s stock.
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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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