Paypal (NASDAQ:PYPL) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday. The brokerage presently has a $80.21 price target on the credit services provider’s stock. Vetr‘s price target would suggest a potential upside of 9.67% from the company’s current price.
PYPL has been the subject of a number of other research reports. Zacks Investment Research downgraded Paypal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Morgan Stanley boosted their price target on Paypal from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. Robert W. Baird reiterated a “buy” rating and issued a $80.00 target price (up previously from $65.00) on shares of Paypal in a research report on Friday, October 20th. Bank of America reiterated a “buy” rating and issued a $78.00 target price (up previously from $71.00) on shares of Paypal in a research report on Friday, October 6th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Paypal in a research report on Tuesday, September 5th. Ten equities research 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. The company presently has a consensus rating of “Buy” and an average price target of $73.25.
Paypal (NASDAQ PYPL) opened at $73.14 on Tuesday. The company has a market capitalization of $86,670.00 and a PE ratio of 50.69. Paypal has a 52 week low of $38.80 and a 52 week high of $79.39.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings results 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. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. Paypal’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. equities research analysts predict that Paypal will post 1.37 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. San Francisco Sentry Investment Group CA boosted its holdings in Paypal by 352.8% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after acquiring an additional 1,217 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Paypal in the third quarter valued at approximately $113,000. Kistler Tiffany Companies LLC boosted its holdings in 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 acquiring an additional 1,684 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in 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 acquiring an additional 1,808 shares during the last quarter. Finally, Thompson Davis & CO. Inc. boosted its holdings in 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 acquiring an additional 1,807 shares during the last quarter. Institutional investors and hedge funds 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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