Paypal (PYPL) PT Raised to $85.00 at BMO Capital Markets
Paypal (NASDAQ:PYPL) had its price target hoisted by equities researchers at BMO Capital Markets from $80.00 to $85.00 in a note issued to investors on Wednesday. The brokerage presently has an “outperform” rating on the credit services provider’s stock. BMO Capital Markets’ price target would suggest a potential upside of 14.46% from the company’s previous close.
PYPL has been the topic of a number of other reports. Royal Bank of Canada reissued a “buy” rating and set a $65.00 target price on shares of Paypal in a research report on Tuesday, August 29th. Susquehanna Bancshares reissued a “positive” rating and set a $67.00 target price on shares of Paypal in a research report on Tuesday, August 29th. Credit Suisse Group reissued an “outperform” rating on shares of Paypal in a research report on Tuesday, September 5th. Sanford C. Bernstein reissued an “outperform” rating and set a $66.00 target price (up from $61.00) on shares of Paypal in a research report on Tuesday, September 5th. Finally, Jefferies Group reissued a “buy” rating and set a $61.27 target price (down from $70.00) on shares of Paypal in a research report on Wednesday, September 6th. Ten analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $73.53.
Shares of Paypal (PYPL) traded up $0.17 during trading hours on Wednesday, hitting $74.26. The stock had a trading volume of 7,519,500 shares, compared to its average volume of 7,881,975. The firm has a market capitalization of $89,049.51, a P/E ratio of 52.92, a P/E/G ratio of 3.04 and a beta of 1.03. Paypal has a 12 month low of $39.02 and a 12 month high of $79.39.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings results 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 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%. The firm’s revenue was up 21.4% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. equities analysts expect that Paypal will post 1.37 EPS for the current fiscal year.
In related news, Director Rodney C. Adkins purchased 6,750 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was acquired at an average price of $74.04 per share, with a total value of $499,770.00. Following the completion of the acquisition, the director now directly owns 10,149 shares in the company, valued at approximately $751,431.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.00% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Apriem Advisors increased its holdings in shares of Paypal by 0.6% in the second quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock valued at $451,000 after purchasing an additional 52 shares in the last quarter. Westside Investment Management Inc. grew its holdings in Paypal by 0.4% during the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after acquiring an additional 60 shares during the period. Sigma Planning Corp grew its holdings in Paypal by 0.4% during the 2nd quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock worth $903,000 after acquiring an additional 74 shares during the period. Train Babcock Advisors LLC grew its holdings in Paypal by 1.6% during the 2nd quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock worth $292,000 after acquiring an additional 86 shares during the period. Finally, Calamos Wealth Management LLC grew its holdings in Paypal by 0.3% during the 2nd quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock worth $2,086,000 after acquiring an additional 98 shares during the period. 80.81% of the stock is owned by institutional investors and hedge funds.
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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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