eBay Given New $59.00 Price Target at RBC Capital (EBAY)
Research analysts at RBC Capital cut their target price on shares of eBay (NASDAQ:EBAY) from $64.00 to $59.00 in a report released on Thursday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target indicates a potential upside of 10.24% from the company’s current price.
eBay (NASDAQ:EBAY) opened at 53.52 on Thursday. eBay has a 52 week low of $45.66 and a 52 week high of $58.04. The stock has a 50-day moving average of $53.79 and a 200-day moving average of $53.65. The company has a market cap of $69.283 billion and a P/E ratio of 26.36. eBay also saw some unusual options trading activity on Wednesday. Stock traders purchased 31,373 put options on the company. This represents an increase of 381% compared to the typical daily volume of 6,522 put options.
eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 16th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.01. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. On average, analysts predict that eBay will post $2.71 earnings per share for the current fiscal year.
EBAY has been the subject of a number of other recent research reports. Analysts at Benchmark Co. reiterated a “buy” rating on shares of eBay in a research note to investors on Tuesday. Separately, analysts at Compass Point raised their price target on shares of eBay from $63.00 to $65.00 in a research note to investors on Friday, October 11th. They now have a “buy” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of eBay in a research note to investors on Monday, October 7th. Nine equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. eBay presently has a consensus rating of “Buy” and an average price target of $84.03.
eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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