Paypal Holdings Inc (PYPL) Stock Rating Upgraded by Vetr IncPor Cirilo Laguardia Mar 21, 2017
Barclays PLC reaffirmed an "overweight" rating and issued a $48.00 price objective (up from $47.00) on shares of Paypal Holdings in a research note on Friday. A total of 12.31 million shares exchanged at hands and its average trading volume is standing at 6.15 million shares.
The company's quick ratio for most recent quarter is 1.50. Sandler Capital Management acquired a new stake in Paypal Holdings during the fourth quarter valued at $8,909,000. Thrivent Financial for Lutherans now owns 4,520,450 shares of the company's stock valued at $178,423,000 after buying an additional 246,950 shares during the period. TD Asset Management Inc. now owns 1,014,846 shares of the company's stock valued at $41,578,000 after buying an additional 337,067 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Paypal Holdings by 79.0% in the third quarter. Fisher Asset Management LLC now owns 292,143 shares of the company's stock valued at $11,969,000 after buying an additional 1,645 shares during the last quarter.
Paypal Holdings Inc (NASDAQ:PYPL) opened at 43.08 on Friday. Current stock price is in the upbeat territory taking into account of 20 days moving average with -1.83% and continued bullish run for 50 days moving average with -1.44%.
Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels. The firm has a market capitalization of $52.02 billion, a P/E ratio of 37.46 and a beta of 0.91.
Paypal Holdings (NASDAQ:PYPL) last posted its earnings results on Thursday, January 26th. The growth estimate for the next quarter is 16.7 percent.
In the trailing 12 months period, return on assets ratio of the Company was 4.50% and return on equity ratio was 10.00% while its return on investment ratio was 9.20%. The company had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $2.98 billion. The company is expected to grow by 16.6 percent over the next five years. The firm's revenue was up 16.6% compared to the same quarter past year.
Two Month Ago Analyst Ratings: PAYPAL HOLDINGS, INC.
Several analysts recently weighed in on the company. The firm now has $51.67 target price on the stock. Guggenheim began coverage on Paypal Holdings in a research note on Wednesday, January 4th. By placing estimates on the earnings of a firm for certain periods (quarterly, annually, etc), analysts can then use cashflow analysis to approximate a fair value for a company, which in turn will give a target share price for publicly traded companies. Berenberg Bank began coverage on Paypal Holdings in a research note on Tuesday, January 10th. Finally, Zacks Investment Research raised Paypal Holdings from a "hold" rating to a "buy" rating and set a $45.00 target price on the stock in a research note on Thursday, December 22nd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. Paypal Holdings now has an average rating of "Buy" and a consensus price target of $45.63.
In related news, EVP Gary J. Marino sold 17,386 shares of the stock in a transaction dated Thursday, March 2nd. The average and low price target for the stock are $47.1 and $39, respectively. Following the completion of the transaction, the executive vice president now owns 40,740 shares of the company's stock, valued at approximately $1,736,746.20.
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