Paypal Holdings Inc (PYPL) Given Consensus Recommendation of “Buy” by Brokerages
Paypal Holdings Inc (NASDAQ:PYPL) has earned an average recommendation of “Buy” from the forty-six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $73.58.
PYPL has been the topic of several analyst reports. Credit Suisse Group reiterated an “outperform” rating and set a $85.00 target price (up from $74.00) on shares of Paypal in a research report on Friday, November 17th. Barclays lifted their target price on Paypal from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, October 20th. Citigroup reiterated a “buy” rating and set a $87.00 target price on shares of Paypal in a research report on Friday, November 17th. Zacks Investment Research downgraded Paypal from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Argus lifted their target price on Paypal from $80.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, November 17th.
In other news, Director Rodney C. Adkins bought 6,750 shares of Paypal stock in a transaction dated Friday, December 8th. The shares were purchased at an average cost of $74.04 per share, with a total value of $499,770.00. Following the completion of the acquisition, the director now owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.00% of the company’s stock.
Shares of Paypal (PYPL) opened at $74.09 on Thursday. Paypal has a fifty-two week low of $39.02 and a fifty-two week high of $79.39. The company has a market capitalization of $88,480.00 and a price-to-earnings ratio of 52.35.
Paypal (NASDAQ:PYPL) last released its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. Paypal’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. equities analysts predict that Paypal will post 1.37 earnings per share for the current fiscal year.
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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.
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