Paypal (PYPL) Rating Reiterated by Credit Suisse Group

Paypal (NASDAQ:PYPL)‘s stock had its “buy” rating reiterated by research analysts at Credit Suisse Group in a research note issued on Tuesday. They currently have a $85.00 price objective on the credit services provider’s stock. Credit Suisse Group’s target price would suggest a potential upside of 19.38% from the company’s previous close.

A number of other brokerages have also recently weighed in on PYPL. BTIG Research reissued a “buy” rating and set a $81.00 price target on shares of Paypal in a research report on Sunday, November 19th. Vetr raised shares of Paypal from a “hold” rating to a “buy” rating and set a $80.21 price target on the stock in a research report on Wednesday, November 29th. Robert W. Baird lifted their price target on shares of Paypal from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, November 16th. Bank of America lifted their price target on shares of Paypal from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Finally, Mizuho reissued a “hold” rating and set a $50.00 price target on shares of Paypal in a research report on Sunday, October 15th. Ten equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and three have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $73.24.

Shares of Paypal (NASDAQ PYPL) traded up $0.23 during mid-day trading on Tuesday, reaching $71.20. 16,634,000 shares of the company’s stock were exchanged, compared to its average volume of 7,889,852. Paypal has a 1 year low of $38.71 and a 1 year high of $79.39. The company has a market capitalization of $86,670.00 and a PE ratio of 50.69.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period last year, the firm earned $0.35 earnings per share. research analysts anticipate that Paypal will post 1.37 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. San Francisco Sentry Investment Group CA increased its stake in shares of Paypal by 352.8% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 1,217 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Paypal during the 3rd quarter worth about $113,000. Kistler Tiffany Companies LLC increased its stake in shares of Paypal by 511.9% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after purchasing an additional 1,684 shares during the last quarter. Harvest Fund Management Co. Ltd increased its stake in shares of Paypal by 171.4% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 1,808 shares during the last quarter. Finally, Thompson Davis & CO. Inc. increased its stake in shares of Paypal by 294.3% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock worth $155,000 after purchasing an additional 1,807 shares during the last quarter. Hedge funds and other institutional investors own 80.81% of the company’s stock.

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About Paypal

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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