PayPal Holdings, Inc. (NASDAQ:PYPL) Lowered to Hold at Zacks Investment Research


Research brokerages are projecting PayPal Holdings, Inc. The Company offers online payment solution which allows customers to pay and get paid, withdraw funds to their bank accounts and hold balances in their PayPal accounts in various currencies.

According to Zacks, "PayPal is a worldwide online payments system operator". To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. For PYPL, the company now has $2.41 Billion of cash on the books. The YTD performance of the stock stands at 87.46 Percent. PayPal Holdings, Inc. has a one year low of $38.06 and a one year high of $75.45. (The) reissued a conviction-buy rating and set a $72.00 price objective (up previously from $60.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Jefferies Group LLC reissued an "outperform" rating and set a $80.00 price objective on shares of PayPal Holdings in a research report on Monday, October 23rd.

PayPal Holdings, Inc. (PYPL) stock price rose 82.92 percent over the past one year, while increased 49.87 percent during the past 6 months. Finally, Piper Jaffray Companies reiterated a "hold" rating and issued a $69.00 target price on shares of PayPal Holdings in a research note on Sunday, October 22nd.

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Valued now at $74.03, the vast majority of Wall Street analysts continue to say it's worth buying. Their average price target spell out an upbeat performance - a 3% and would give PYPL a market capitalization of almost $91.32B. Perhaps, that suggests something about why 83.15% of the outstanding share supply is held by institutional investors. PayPal Holdings Inc has recorded a 50-day average of $64.95 and a two hundred day average of $64.95. The firm has a market capitalization of $88,929.32, a P/E ratio of 52.85, a PEG ratio of 3.07 and a beta of 1.03.

PayPal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, October 19th. This showed a surprise of 7% in the last quarter earnings. PayPal Holdings had a net margin of 13.23% and a return on equity of 10.67%. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. Last year, their EPS growth was 15.10% and their EPS growth over the past five years was 19.67%. The company's revenue for the quarter was up 21.4% compared to the same quarter last year. equities analysts anticipate that PayPal Holdings will post 1.37 earnings per share for the current year.

WARNING: This piece of content was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & worldwide copyright and trademark legislation. An ROI of 9.20% for PayPal Holdings, Inc. evaluates and compares the efficiency of the various numbers of investments relative to the cost of investments.

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A number of other hedge funds have also made changes to their positions in PYPL. Guardian Life Insurance Co. of America grew its position in PayPal Holdings by 0.9% in the 1st quarter. Apriem Advisors grew its position in PayPal Holdings by 0.6% in the 2nd quarter. TIAA CREF Investment Management LLC raised its position in PayPal Holdings by 26.4% in the third quarter.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. (PYPL)'s shares. The total value of these holdings, in millions, is $74,588. Sigma Planning Corp now owns 16,819 shares of the credit services provider's stock valued at $903,000 after purchasing an additional 74 shares during the last quarter. Carnegie Capital Asset Management LLC's holdings in PayPal Holdings were worth $7,528,000 at the end of the most recent reporting period. 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 last quarter.

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