eBay Given “Buy” Rating at TheStreet (EBAY)
eBay (NASDAQ:EBAY)‘s stock had its “buy” rating reiterated by equities researchers at TheStreet in a research report issued on Friday, Analyst RN reports.
The analysts wrote, “eBay (EBAY) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
eBay (NASDAQ:EBAY) traded up 0.04% during mid-day trading on Friday, hitting $53.20. The stock had a trading volume of 12,359,040 shares. eBay has a one year low of $48.06 and a one year high of $58.04. The stock has a 50-day moving average of $53.42 and a 200-day moving average of $52.8. The company has a market cap of $68.894 billion and a price-to-earnings ratio of 24.39.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $0.81 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.70 earnings per share. eBay’s revenue was up 13.5% compared to the same quarter last year. Analysts expect that eBay will post $2.99 EPS for the current fiscal year.
A number of other firms have also recently commented on EBAY. Analysts at Needham & Company reiterated a “hold” rating on shares of eBay in a research note to investors on Thursday, January 23rd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of eBay in a research note to investors on Thursday, January 23rd. They now have a $57.00 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of eBay in a research note to investors on Thursday, January 23rd. Twelve investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target 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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