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eBay (NASDAQ:EBAY) was downgraded by Susquehanna from a “positive” rating to a “neutral” rating in a research note issued on Thursday, reports. They currently have a $59.00 price target on the stock. Susquehanna’s target price indicates a potential upside of 8.44% from the company’s current price. The analysts noted that the move was a valuation call.

Shares of eBay (NASDAQ:EBAY) traded up 0.97% during mid-day trading on Thursday, hitting $54.94. 61,919,052 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 $53.14 and its 200-day moving average is $52.96. The company has a market cap of $71.125 billion and a P/E ratio of 25.91. eBay also was the recipient of some unusual options trading activity on Tuesday. Investors acquired 39,626 put options on the stock. This is an increase of approximately 207% compared to the typical volume of 12,927 put options.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.01. The company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, analysts predict that eBay will post $2.70 earnings per share for the current fiscal year.

A number of other firms have also recently commented on EBAY. Analysts at Benchmark Co. reiterated a “buy” rating on shares of eBay in a research note to investors on Wednesday. They now have a $63.00 price target on the stock. Separately, analysts at Cantor Fitzgerald cut their price target on shares of eBay from $68.00 to $67.00 in a research note to investors on Friday, January 17th. Finally, analysts at SunTrust reiterated a “buy” rating on shares of eBay in a research note to investors on Thursday, January 16th. They now have a $61.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $62.36.

eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.

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