eBay Given Neutral Rating at Macquarie (EBAY)
eBay (NASDAQ:EBAY)‘s stock had its “neutral” rating reaffirmed by analysts at Macquarie in a research report issued to clients and investors on Thursday. They currently have a $50.00 price objective on the stock, down from their previous price objective of $55.00. Macquarie’s price target points to a potential downside of 1.38% from the company’s current price.
EBAY has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of eBay in a research note on Thursday. They now have a $53.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of eBay in a research note on Thursday. They now have a $66.00 price target on the stock, down previously from $68.00. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of eBay in a research note on Thursday. They now have a $57.00 price target on the stock, down previously from $65.00. Seventeen analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $58.94.
Shares of eBay (NASDAQ:EBAY) traded up 0.65% during mid-day trading on Thursday, hitting $51.03. The stock had a trading volume of 20,136,844 shares. 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 $50.03 and its 200-day moving average is $53.24. The company’s market cap is $64.672 billion. eBay also was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 21,795,310 shares, an increase of 15.7% from the June 13th total of 18,831,587 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily volume of 10,526,533 shares, the days-to-cover ratio is presently 2.1 days.
eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 16th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.01. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, analysts predict that eBay will post $2.98 earnings per share for the current fiscal year.
eBay Inc, is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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