Susquehanna Reiterates Neutral Rating for eBay (EBAY)
eBay (NASDAQ:EBAY)‘s stock had its “neutral” rating reaffirmed by stock analysts at Susquehanna in a report issued on Thursday. They currently have a $52.00 price objective on the stock, down from their previous price objective of $54.00. Susquehanna’s price target points to a potential upside of 1.90% from the company’s current price.
A number of other firms have also recently commented on EBAY. Analysts at Benchmark Co. reiterated a “buy” rating on shares of eBay in a research note on Thursday. They now have a $65.00 price target on the stock, down previously from $68.00. Separately, 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. Finally, 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. Seventeen analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $59.14.
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 trading volume, of 10,526,533 shares, the short-interest ratio is currently 2.1 days. Currently, 1.9% of the shares of the 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. 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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