PayPal Holdings, Inc. (PYPL) Stock Rating Reaffirmed by Credit Suisse Group
PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “outperform” rating reaffirmed by Credit Suisse Group in a research report issued to clients and investors on Friday. They presently have a $85.00 target price on the credit services provider’s stock, up from their previous target price of $74.00. Credit Suisse Group’s price target would indicate a potential upside of 11.29% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on the company. Citigroup Inc. reaffirmed a “buy” rating and set a $67.00 target price (up previously from $62.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Nomura upped their target price on PayPal Holdings from $57.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Stifel Nicolaus upped their target price on PayPal Holdings from $61.00 to $70.00 and gave the stock a “hold” rating in a research report on Sunday, October 22nd. Zacks Investment Research raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Thursday, October 26th. Finally, Barclays PLC upped their target price on PayPal Holdings from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, July 27th. Eleven research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $72.43.
PayPal Holdings (PYPL) traded down $1.32 during trading hours on Friday, reaching $76.38. The company had a trading volume of 11,771,514 shares, compared to its average volume of 9,621,823. PayPal Holdings has a 12-month low of $38.06 and a 12-month high of $78.01. The firm has a market capitalization of $91,801.88, a P/E ratio of 54.56, a P/E/G ratio of 3.17 and a beta of 1.03.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The firm’s revenue was up 21.4% on a year-over-year basis. analysts expect that PayPal Holdings will post 1.37 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in PYPL. Rhumbline Advisers boosted its holdings in PayPal Holdings by 0.9% during the second quarter. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider’s stock worth $99,318,000 after buying an additional 17,139 shares during the last quarter. Fundsmith LLP boosted its holdings in PayPal Holdings by 6.8% during the second quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock worth $754,131,000 after buying an additional 889,976 shares during the last quarter. Shikiar Asset Management Inc. boosted its holdings in PayPal Holdings by 2,671.9% during the second quarter. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider’s stock worth $7,587,000 after buying an additional 136,265 shares during the last quarter. Smith Asset Management Group LP bought a new position in PayPal Holdings during the second quarter worth about $50,648,000. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in PayPal Holdings by 0.7% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 188,272 shares of the credit services provider’s stock worth $12,055,000 after buying an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 83.08% 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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