PayPal (NASDAQ:PYPL) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

PayPal (NASDAQ:PYPL) had its price objective upped by investment analysts at Keefe, Bruyette & Woods from $92.00 to $104.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 15.71% from the stock’s previous close.

Several other equities analysts also recently weighed in on PYPL. BMO Capital Markets raised their target price on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Phillip Securities restated an “accumulate” rating and set a $90.00 price objective (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. UBS Group increased their target price on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Wells Fargo & Company boosted their price target on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, Morgan Stanley increased their price objective on PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and an average target price of $85.70.

PayPal Price Performance

Shares of PYPL traded up $0.83 during trading hours on Monday, reaching $89.88. The company had a trading volume of 6,955,544 shares, compared to its average volume of 8,477,434. The company has a market capitalization of $90.11 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 1.64 and a beta of 1.44. PayPal has a 12-month low of $55.77 and a 12-month high of $90.27. The firm has a 50 day simple moving average of $82.67 and a 200-day simple moving average of $71.38. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period last year, the firm earned $0.97 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts expect that PayPal will post 4.57 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. United Advisor Group LLC bought a new position in shares of PayPal during the third quarter worth about $810,000. World Investment Advisors LLC bought a new position in PayPal during the 3rd quarter worth approximately $387,435,000. FCG Investment Co acquired a new position in shares of PayPal in the 3rd quarter worth approximately $1,079,000. Equity Investment Corp increased its holdings in shares of PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after acquiring an additional 67,497 shares during the last quarter. Finally, Weil Company Inc. raised its position in shares of PayPal by 68.9% during the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after acquiring an additional 17,003 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

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.