eBay PT Lowered to $62.00 (EBAY)
Equities researchers at Jefferies Group cut their target price on shares of eBay (NASDAQ:EBAY) from $66.00 to $62.00 in a research report issued on Thursday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective indicates a potential upside of 18.77% from the stock’s previous close.
eBay (NASDAQ:EBAY) traded up 1.60% during mid-day trading on Thursday, hitting $52.20. The stock had a trading volume of 30,624,874 shares. eBay has a 52-week low of $45.66 and a 52-week high of $58.04. The stock’s 50-day moving average is $53. and its 200-day moving average is $53.62. The company has a market cap of $67.575 billion and a price-to-earnings ratio of 25.31. eBay also was the recipient of some unusual options trading on Wednesday. Investors acquired 31,373 put options on the stock. This is an increase of 381% compared to the typical volume of 6,522 put options.
eBay (NASDAQ:EBAY) last released its earnings data 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 previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. Analysts expect that eBay will post $2.71 EPS for the current fiscal year.
A number of other firms have also recently commented on EBAY. Analysts at Canaccord Genuity cut their price target on shares of eBay from $64.00 to $60.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of eBay from $64.00 to $59.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Benchmark Co. reiterated a “buy” rating on shares of eBay in a research note to investors on Tuesday. Eight equities research analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $82.12.
eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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