eBay Given Average Recommendation of “Buy” by Brokerages (NASDAQ:EBAY)
eBay (NASDAQ:EBAY) has earned a consensus rating of “Buy” from the thirty-two brokerages that are presently covering the company, AnalystRatings.NET reports. Fourteen analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $60.94.
Shares of eBay (NASDAQ:EBAY) traded down 0.58% during mid-day trading on Friday, hitting $49.31. 3,975,936 shares of the company’s stock traded hands. eBay has a 52-week low of $48.06 and a 52-week high of $59.70. The stock’s 50-day moving average is $50.62 and its 200-day moving average is $53.55. The company’s market cap is $62.493 billion.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.03. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter last year, the company posted $0.63 earnings per share. eBay’s revenue was up 13.7% compared to the same quarter last year. Analysts expect that eBay will post $2.99 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of eBay in a research note on Thursday. They now have a $52.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of eBay in a research note on Tuesday. They now have a $56.00 price target on the stock, down previously from $61.00. Finally, analysts at Erste Group downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, June 2nd.
eBay Inc, is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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