eBay Rating Reiterated by Deutsche Bank (EBAY)
eBay (NASDAQ:EBAY)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank in a research report issued on Thursday. They currently have a $55.00 target price on the stock, down from their previous target price of $60.00. Deutsche Bank’s price objective suggests a potential upside of 8.48% from the stock’s previous close.
eBay (NASDAQ:EBAY) traded up 1.54% on Thursday, hitting $51.48. 17,289,020 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 has a 50-day moving average of $50.03 and a 200-day moving average of $53.24. The company’s market cap is $65.243 billion. eBay also saw a large growth in short interest in the month of 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. Currently, 1.9% of the company’s shares are short sold. Based on an average trading 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 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts expect that eBay will post $2.98 EPS for the current fiscal year.
EBAY has been the subject of a number of other recent research reports. Analysts at Macquarie reiterated a “neutral” rating on shares of eBay in a research note on Thursday. They now have a $50.00 price target on the stock, down previously from $55.00. Separately, 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. Finally, 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. Seventeen analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $58.94.
eBay Inc, is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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