eBay Given New $64.00 Price Target at RBC Capital (EBAY)
RBC Capital boosted their price target on shares of eBay (NASDAQ:EBAY) from $62.00 to $64.00 in a research note issued on Wednesday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would suggest a potential upside of 16.01% from the stock’s previous close.
eBay (NASDAQ:EBAY) traded down 1.74% during mid-day trading on Wednesday, hitting $54.21. 7,504,314 shares of the company’s stock traded hands. eBay has a one year low of $45.66 and a one year high of $58.04. The stock’s 50-day moving average is $52.86 and its 200-day moving average is $53.37. The company has a market cap of $70.177 billion and a P/E ratio of 27.18.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, analysts predict that eBay will post $2.71 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Susquehanna reiterated a “positive” rating on shares of eBay (NASDAQ:EBAY) in a research note to investors on Tuesday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of eBay (NASDAQ:EBAY) in a research note to investors on Friday, September 20th. Finally, analysts at SunTrust cut their price target on shares of eBay (NASDAQ:EBAY) from $63.00 to $59.00 in a research note to investors on Friday, September 6th.
Nine analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the stock. eBay presently has a consensus rating of “Buy” and a consensus price target of $62.23.
In other eBay news, SVP Alan Lee Marks unloaded 4,000 shares of the stock on the open market in a transaction dated Monday, September 23rd. The shares were sold at an average price of $55.01, for a total value of $220,040.00. Following the transaction, the senior vice president now directly owns 67,200 shares in the company, valued at approximately $3,696,672. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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