PayPal Holdings, Inc. (NASDAQ:PYPL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have received a consensus rating of “Moderate Buy” from the thirty-four analysts that are presently covering the company, Marketbeat Ratings reports. Fifteen analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $83.45.

Several equities research analysts recently issued reports on the stock. Oppenheimer assumed coverage on shares of PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Royal Bank of Canada increased their price objective on PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Sanford C. Bernstein cut PayPal from an “outperform” rating to a “market perform” rating and raised their price target for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Canaccord Genuity Group upped their target price on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd.

Hedge Funds Weigh In On PayPal

Institutional investors and hedge funds have recently modified their holdings of the stock. Soltis Investment Advisors LLC bought a new stake in shares of PayPal during the 3rd quarter worth about $201,000. Rehmann Capital Advisory Group increased its stake in shares of PayPal by 34.1% during the third quarter. Rehmann Capital Advisory Group now owns 20,870 shares of the credit services provider’s stock worth $1,639,000 after purchasing an additional 5,311 shares during the period. Virtue Capital Management LLC acquired a new stake in PayPal during the 3rd quarter worth approximately $202,000. Fortem Financial Group LLC lifted its holdings in PayPal by 28.7% during the 3rd quarter. Fortem Financial Group LLC now owns 26,011 shares of the credit services provider’s stock worth $2,030,000 after purchasing an additional 5,805 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in PayPal by 10.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 22,480 shares of the credit services provider’s stock valued at $1,754,000 after buying an additional 2,146 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

PYPL stock opened at $84.67 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market cap of $84.89 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 1.53 and a beta of 1.43. The stock has a 50-day moving average price of $79.17 and a two-hundred day moving average price of $69.16. PayPal has a 12-month low of $55.28 and a 12-month high of $87.92.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 EPS. As a group, research analysts predict that PayPal will post 4.56 EPS for the current year.

PayPal Company Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.