Paypal (NASDAQ:PYPL) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday. They presently have a $80.71 price target on the credit services provider’s stock. Vetr‘s price objective points to a potential upside of 10.35% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus boosted their price objective on Paypal from $61.00 to $70.00 and gave the company a “hold” rating in a report on Sunday, October 22nd. Zacks Investment Research raised Paypal from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Thursday, October 26th. BTIG Research reissued a “buy” rating and issued a $70.00 price objective (up previously from $63.00) on shares of Paypal in a report on Wednesday, September 6th. Mizuho reaffirmed a “hold” rating and issued a $50.00 price target on shares of Paypal in a report on Sunday, October 15th. Finally, Stephens upped their price target on Paypal from $65.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, October 17th. Ten investment analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. Paypal currently has an average rating of “Buy” and an average target price of $73.25.

Shares of Paypal (NASDAQ:PYPL) traded up $1.94 during mid-day trading on Wednesday, hitting $73.14. The stock had a trading volume of 9,314,944 shares, compared to its average volume of 7,895,767. The firm has a market cap of $86,670.00 and a PE ratio of 50.69. Paypal has a fifty-two week low of $38.80 and a fifty-two week high of $79.39.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. research analysts forecast that Paypal will post 1.37 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. FMR LLC grew its position in shares of Paypal by 36.1% in the second quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after purchasing an additional 21,814,940 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of Paypal in the third quarter valued at approximately $481,937,000. Harding Loevner LP grew its position in shares of Paypal by 86.1% in the third quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock valued at $381,030,000 after purchasing an additional 5,253,746 shares in the last quarter. Capital World Investors grew its position in shares of Paypal by 313.5% in the second quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock valued at $330,127,000 after purchasing an additional 4,663,337 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Paypal by 1,064.7% in the second quarter. Janus Henderson Group PLC now owns 4,861,493 shares of the credit services provider’s stock valued at $260,921,000 after purchasing an additional 4,444,097 shares in the last quarter. Institutional investors own 80.81% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/06/paypal-pypl-downgraded-by-vetr.html.

Paypal Company Profile

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Paypal (NASDAQ:PYPL)

Receive News & Ratings for Paypal Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.