TheStreet reaffirmed their buy rating on shares of eBay (NASDAQ:EBAY) in a research note issued to investors on Monday, AnalystRatingsNetwork reports.
“eBay (EBAY) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.,” TheStreet’s analyst wrote.
A number of other firms have also recently commented on EBAY. Analysts at Compass Point raised their price target on shares of eBay from $60.00 to $70.00 in a research note to investors on Tuesday, January 7th. They now have a focus list rating on the stock. Separately, analysts at Morgan Stanley downgraded shares of eBay from an overweight rating to an equal weight rating in a research note to investors on Monday, January 6th. They now have a $57.00 price target on the stock, down previously from $58.00. They noted that the move was a valuation call. Finally, analysts at Wedbush raised their price target on shares of eBay from $64.00 to $70.00 in a research note to investors on Tuesday, December 17th. They now have a top pick rating on the stock. Ten investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $61.69.
eBay (NASDAQ:EBAY) traded up 0.24% during mid-day trading on Monday, hitting $52.665. The stock had a trading volume of 3,536,272 shares. eBay has a 52-week low of $48.06 and a 52-week high of $58.04. The stock has a 50-day moving average of $52.38 and a 200-day moving average of $52.9. The company has a market cap of $68.180 billion and a price-to-earnings ratio of 25.02.
eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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