PayPal (NASDAQ:PYPL) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

PayPal (NASDAQ:PYPL) had its price objective increased by stock analysts at BMO Capital Markets from $73.00 to $82.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “market perform” rating on the credit services provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 3.40% from the stock’s current price.

PYPL has been the topic of several other research reports. UBS Group upped their price objective on PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. StockNews.com cut PayPal from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. Stephens boosted their target price on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Barclays raised their price target on shares of PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Finally, William Blair raised shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Seventeen equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.03.

PayPal Stock Up 1.4 %

PYPL stock opened at $79.30 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.49. The firm has a 50 day simple moving average of $76.39 and a 200-day simple moving average of $67.56. The company has a market capitalization of $79.50 billion, a P/E ratio of 18.93, a PEG ratio of 1.40 and a beta of 1.44. PayPal has a twelve month low of $50.80 and a twelve month high of $83.70.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.12. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. On average, equities research analysts predict that PayPal will post 4.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PayPal

A number of institutional investors have recently added to or reduced their stakes in PYPL. FCG Investment Co acquired a new stake in shares of PayPal in the third quarter valued at $1,079,000. Brown Financial Advisors acquired a new stake in PayPal in the 2nd quarter valued at about $1,454,000. Cape Cod Five Cents Savings Bank bought a new position in shares of PayPal during the 2nd quarter valued at about $3,014,000. Distillate Capital Partners LLC grew its stake in shares of PayPal by 156,934.7% in the 2nd 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 last quarter. Finally, 1832 Asset Management L.P. raised its holdings in shares of PayPal by 44.6% in the 1st quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock worth $83,000 after purchasing an additional 381 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

About PayPal

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.