eBay Rating Reiterated by Zacks (EBAY)
eBay (NASDAQ:EBAY)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued to investors on Thursday, AmericanBankingNews.com reports. They currently have a $56.00 price target on the stock. Zacks‘ target price would suggest a potential upside of 8.99% from the company’s current price.
Zacks‘ analyst wrote, “eBay is one of the largest online retailers in the world. The company’s third quarter earnings were higher than the Zacks Consensus Estimate but management’s fourth quarter guidance was disappointing. Turnaround in the Marketplaces segment, a focus on buying experience, momentum in the Payments segment, opportunities in the fast-growing mobile space, international expansion and a strong balance sheet are the current positives of eBay’s business. However, the company continues to lag its top competitor Amazon and competition in online retail is only likely to get more intense. We are therefore, reiterating our Neutral rating.”
EBAY has been the subject of a number of other recent research reports. Analysts at JMP Securities cut their EPS estimates on shares of eBay in a research note on Thursday. They now have an “outperform” rating and a $60.00 price target on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of eBay in a research note to investors on Thursday. They now have a $63.00 price target on the stock, down previously from $65.00. Finally, analysts at Deutsche Bank cut their price target on shares of eBay from $59.00 to $56.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Eight research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company. eBay presently has an average rating of “Buy” and a consensus target price of $83.03.
Shares of eBay (NASDAQ:EBAY) traded down 4.00% during mid-day trading on Thursday, hitting $51.38. 34,361,776 shares of the company’s stock traded hands. eBay has a 1-year low of $45.66 and a 1-year 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 $66.513 billion and a price-to-earnings ratio of 26.36. eBay also saw unusually large options trading on Wednesday. Stock traders purchased 31,373 put options on the stock. This is an increase of 381% compared to the average volume of 6,522 put options.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.55 earnings per share. eBay’s revenue was up 14.3% compared to the same quarter last year. Analysts expect that eBay will post $2.71 EPS for the current fiscal year.
eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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