eBay Given New $62.00 Price Target at RBC Capital (EBAY)
Equities research analysts at RBC Capital decreased their target price on shares of eBay (NASDAQ:EBAY) from $64.00 to $62.00 in a research note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target would suggest a potential upside of 21.50% from the company’s current price.
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 21,706,676 shares. eBay has a 52 week low of $48.06 and a 52 week high of $59.70. The stock has a 50-day moving average of $50.01 and a 200-day moving average of $53.22. The company’s market cap is $64.672 billion. eBay also was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totalling 21,795,310 shares, a growth of 15.7% from the June 13th total of 18,831,587 shares. Based on an average daily volume of 10,526,533 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.9% of the shares of the stock are sold short.
eBay (NASDAQ:EBAY) last released its earnings data on Wednesday, July 16th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.63 earnings per share. eBay’s revenue was up 12.6% compared to the same quarter last year. Analysts expect that eBay will post $2.98 EPS for the current fiscal year.
A number of other firms have also recently commented on EBAY. Analysts at Deutsche Bank reiterated a “hold” rating on shares of eBay in a research note on Thursday. They now have a $55.00 price target on the stock, down previously from $60.00. Separately, analysts at Macquarie cut their price target on shares of eBay from $55.00 to $50.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Finally, 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. Seventeen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. eBay currently has a consensus rating of “Buy” and a consensus price target of $59.14.
eBay Inc, is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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