eBay Rating Reiterated by Argus (EBAY)
eBay (NASDAQ:EBAY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Argus in a research note issued to investors on Friday, AR Network reports. They currently have a $51.38 target price on the stock, down from their previous target price of $65.00.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James raised their price target on shares of eBay from $60.00 to $64.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of eBay in a research note to investors on Thursday. They now have a $56.00 price target on the stock. Finally, 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. Eight research analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. eBay has an average rating of “Buy” and a consensus target price of $82.12.
Shares of eBay (NASDAQ:EBAY) opened at 51.38 on Friday. 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 $53.82 and its 200-day moving average is $53.. The company has a market cap of $66.513 billion and a P/E ratio of 25.31. eBay also was the recipient of some unusual options trading activity on Wednesday. Investors purchased 31,373 put options on the stock. This represents an increase of 381% compared to the average daily volume of 6,522 put options.
eBay (NASDAQ:EBAY) last released its 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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