PayPal Holdings, Inc. (PYPL) Given New $87.00 Price Target at Argus
PayPal Holdings, Inc. (NASDAQ:PYPL) had its price target lifted by stock analysts at Argus from $80.00 to $87.00 in a research report issued on Friday. The brokerage currently has a “buy” rating on the credit services provider’s stock. Argus’ target price indicates a potential upside of 11.97% from the company’s previous close.
A number of other analysts have also commented on the company. Stifel Nicolaus lifted their price objective on PayPal Holdings from $70.00 to $77.00 and gave the stock a “hold” rating in a research report on Friday. Royal Bank Of Canada lifted their price objective on PayPal Holdings from $83.00 to $89.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup Inc. lifted their price objective on PayPal Holdings to $87.00 and gave the stock a “buy” rating in a research report on Friday. KeyCorp reiterated an “overweight” rating on shares of PayPal Holdings in a research report on Friday. Finally, Vetr lowered PayPal Holdings from a “buy” rating to a “hold” rating and set a $78.63 target price for the company. in a research report on Friday. Eleven analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $71.55.
Shares of PayPal Holdings (PYPL) opened at $77.70 on Friday. The company has a market capitalization of $88,256.26, a PE ratio of 52.45, a P/E/G ratio of 3.05 and a beta of 1.03. PayPal Holdings has a 12-month low of $38.06 and a 12-month high of $77.94.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion during 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 company’s revenue was up 21.4% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. equities research analysts expect that PayPal Holdings will post 1.37 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers raised its position in PayPal Holdings by 0.9% in the second quarter. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider’s stock valued at $99,318,000 after purchasing an additional 17,139 shares during the last quarter. Fundsmith LLP raised its position in shares of 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 acquiring an additional 889,976 shares during the last quarter. Shikiar Asset Management Inc. raised its position in shares of 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 acquiring an additional 136,265 shares during the last quarter. Smith Asset Management Group LP bought a new position in shares of PayPal Holdings during the second quarter worth about $50,648,000. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of 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 acquiring an additional 1,400 shares during the last quarter. 83.08% of the stock is currently owned by hedge funds and other institutional investors.
About PayPal Holdings
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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