eBay’s “Buy” Rating Reaffirmed at Benchmark Co. (EBAY)
eBay (NASDAQ:EBAY)‘s stock had its “buy” rating reaffirmed by research analysts at Benchmark Co. in a report released on Thursday. They currently have a $65.00 target price on the stock, down from their previous target price of $68.00. Benchmark Co.’s price objective suggests a potential upside of 27.38% from the company’s current price.
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 52-week low of $48.06 and a 52-week high of $59.70. The stock’s 50-day moving average is $50.01 and its 200-day moving average is $53.22. The company’s market cap is $64.672 billion. eBay also saw 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. Based on an average daily trading volume, of 10,526,533 shares, the short-interest ratio is presently 2.1 days. Approximately 1.9% of the company’s stock are short sold.
eBay (NASDAQ:EBAY) last posted its quarterly 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.
Several other analysts have also recently commented on the stock. Analysts at Evercore Partners cut their price target on shares of eBay from $58.00 to $54.00 in a research note on Thursday. They now have an “equal weight” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of eBay in a research note on Thursday. They now have a $59.00 price target on the stock, down previously from $60.00. Finally, analysts at RBC Capital cut their price target on shares of eBay from $64.00 to $62.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Seventeen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. eBay presently has a consensus rating of “Buy” and an average 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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