eBay Stock Rating Reaffirmed by Citigroup Inc. (EBAY)
eBay (NASDAQ:EBAY)‘s stock had its “buy” rating restated by equities researchers at Citigroup Inc. in a research report issued on Thursday. They currently have a $66.00 price target on the stock, down from their previous price target of $68.00. Citigroup Inc.’s target price indicates a potential upside of 29.34% from the stock’s previous close.
Shares of eBay (NASDAQ:EBAY) traded up 0.65% during mid-day trading on Thursday, hitting $51.03. 21,706,676 shares of the company’s stock traded hands. eBay has a one year low of $48.06 and a one year 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 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. Approximately 1.9% of the shares of the stock are short sold. Based on an average trading volume of 10,526,533 shares, the days-to-cover ratio is currently 2.1 days.
eBay (NASDAQ:EBAY) last issued its quarterly 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. On average, analysts predict that eBay will post $2.98 earnings per share for the current fiscal year.
EBAY has been the subject of a number of other recent research reports. 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. Separately, analysts at SunTrust reiterated a “neutral” rating on shares of eBay in a research note on Thursday. Finally, analysts at Susquehanna cut their price target on shares of eBay from $60.00 to $54.00 in a research note on Monday. 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 stock. The company currently has an average rating of “Hold” and a consensus target price 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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