eBay Now Covered by FBN Securities (EBAY)
Analysts at FBN Securities began coverage on shares of eBay (NASDAQ:EBAY) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “sector perform” rating on the stock.
Shares of eBay (NASDAQ:EBAY) traded up 0.80% on Tuesday, hitting $52.96. 12,843,239 shares of the company’s stock traded hands. eBay has a 52 week low of $48.06 and a 52 week high of $58.04. The stock’s 50-day moving average is $52.50 and its 200-day moving average is $52.92. The company has a market cap of $68.562 billion and a P/E ratio of 25.02. eBay also was the target of some unusual options trading activity on Tuesday. Traders acquired 84,200 call options on the stock. This is an increase of approximately 189% compared to the typical volume of 29,185 call options.
EBAY has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of eBay in a research note to investors on Monday. Separately, analysts at Compass Point raised their price target on shares of eBay from $60.00 to $70.00 in a research note to investors on Tuesday, January 7th. They now have a “focus list” rating on the stock. Finally, analysts at Morgan Stanley downgraded shares of eBay from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, January 6th. They now have a $57.00 price target on the stock, down previously from $58.00. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $61.69.
eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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