PayPal (NASDAQ:PYPL) Issues Earnings Results

PayPal (NASDAQ:PYPL) posted its quarterly earnings results on Tuesday. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08, Zacks reports. PayPal had a net margin of 14.08% and a return on equity of 23.44%. During the same quarter in the prior year, the business posted $1.48 earnings per share.

PayPal Stock Performance

PayPal stock opened at $89.51 on Tuesday. The firm has a market capitalization of $89.74 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. PayPal has a one year low of $55.77 and a one year high of $93.66. The stock’s 50 day moving average price is $88.16 and its 200 day moving average price is $79.05. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PYPL shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. Susquehanna lifted their price target on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday, January 6th. Sanford C. Bernstein cut shares of PayPal from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Keefe, Bruyette & Woods raised their target price on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and an average target price of $89.48.

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.