PayPal (NASDAQ:PYPL) Stock Price Expected to Rise, UBS Group Analyst Says

PayPal (NASDAQ:PYPL) had its price objective lifted by UBS Group from $72.00 to $85.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the credit services provider’s stock.

Several other equities analysts also recently weighed in on the company. Daiwa Capital Markets upgraded PayPal from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $68.00 to $72.00 in a research report on Friday, August 9th. StockNews.com cut shares of PayPal from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. TD Cowen boosted their target price on shares of PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Royal Bank of Canada restated an “outperform” rating and issued a $84.00 price objective on shares of PayPal in a report on Wednesday, July 31st. Finally, Robert W. Baird boosted their target price on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday. Fifteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, PayPal has an average rating of “Moderate Buy” and an average price target of $82.83.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $77.25 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.24. The company has a market cap of $77.45 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.41 and a beta of 1.43. The company has a 50-day simple moving average of $76.50 and a 200-day simple moving average of $67.69. PayPal has a 12 month low of $52.55 and a 12 month high of $83.70.

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

Hedge Funds Weigh In On PayPal

A number of hedge funds have recently bought and sold shares of PYPL. FCG Investment Co bought a new position in PayPal during the 3rd quarter worth approximately $1,079,000. Brown Financial Advisors acquired a new stake in shares of PayPal during the 2nd quarter valued at approximately $1,454,000. Cape Cod Five Cents Savings Bank bought a new position in PayPal during the second quarter worth $3,014,000. Distillate Capital Partners LLC boosted its holdings in PayPal by 156,934.7% in the second quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock worth $19,957,000 after purchasing an additional 343,687 shares during the period. Finally, 1832 Asset Management L.P. increased its stake in PayPal by 44.6% during the first quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock valued at $83,000 after purchasing an additional 381 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

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.