PayPal Holdings, Inc. (PYPL) Stock Rating Reaffirmed by Craig Hallum
PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating restated by equities research analysts at Craig Hallum in a research note issued to investors on Monday. They currently have a $93.00 target price on the credit services provider’s stock, up from their prior target price of $83.00. Craig Hallum’s price objective points to a potential upside of 21.76% from the stock’s current price.
A number of other research analysts have also commented on PYPL. Vetr lowered PayPal Holdings from a “hold” rating to a “sell” rating and set a $56.88 price objective on the stock. in a report on Monday, July 24th. Jefferies Group LLC reissued a “buy” rating and set a $68.00 price objective (up previously from $61.00) on shares of PayPal Holdings in a report on Monday, July 24th. BTIG Research reissued a “buy” rating and set a $63.00 price objective on shares of PayPal Holdings in a report on Monday, July 24th. Deutsche Bank AG increased their price objective on PayPal Holdings from $61.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Nomura increased their price objective on PayPal Holdings from $57.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Ten 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. The company presently has a consensus rating of “Buy” and an average target price of $72.88.
Shares of PayPal Holdings (PYPL) opened at $76.38 on Monday. The firm has a market capitalization of $91,801.88, a PE ratio of 54.56, a PEG ratio of 3.31 and a beta of 1.03. PayPal Holdings has a one year low of $38.06 and a one year high of $78.01.
PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS. sell-side analysts predict that PayPal Holdings will post 1.37 EPS for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atlantic Trust LLC lifted its stake in PayPal Holdings by 16.0% during the third quarter. Atlantic Trust LLC now owns 37,411 shares of the credit services provider’s stock worth $2,395,000 after purchasing an additional 5,151 shares during the last quarter. Salem Investment Counselors Inc. lifted its stake in PayPal Holdings by 69.4% during the third quarter. Salem Investment Counselors Inc. now owns 48,796 shares of the credit services provider’s stock worth $3,143,000 after purchasing an additional 19,991 shares during the last quarter. Moors & Cabot Inc. lifted its stake in PayPal Holdings by 10.7% during the third quarter. Moors & Cabot Inc. now owns 8,756 shares of the credit services provider’s stock worth $558,000 after purchasing an additional 845 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in PayPal Holdings during the third quarter worth $1,289,000. Finally, Cetera Advisors LLC lifted its stake in PayPal Holdings by 14.3% during the third quarter. Cetera Advisors LLC now owns 5,449 shares of the credit services provider’s stock worth $346,000 after purchasing an additional 682 shares during the last quarter. Hedge funds and other institutional investors own 82.77% of the company’s stock.
PayPal Holdings 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.
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