eBay (NASDAQ:EBAY)‘s stock had its “buy” rating reaffirmed by stock analysts at TheStreet in a report issued on Friday, Stock Ratings Network reports.
The analysts wrote, “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, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Shares of eBay (NASDAQ:EBAY) traded up 1.08% on Friday, hitting $55.04. The stock had a trading volume of 3,151,587 shares. eBay has a 52 week low of $45.66 and a 52 week high of $58.04. The stock has a 50-day moving average of $52.65 and a 200-day moving average of $53.3. The company has a market cap of $71.251 billion and a price-to-earnings ratio of 26.82. eBay also saw unusually large options trading activity on Tuesday. Stock traders acquired 31,565 call options on the company. This is an increase of approximately 179% compared to the typical daily volume of 11,316 call options.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $0.63 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.63. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, analysts predict that eBay will post $2.71 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on EBAY. Analysts at SunTrust cut their price target on shares of eBay (NASDAQ:EBAY) from $63.00 to $59.00 in a research note to investors on Friday, September 6th. Separately, analysts at Wedbush reiterated an “outperform” rating on shares of eBay (NASDAQ:EBAY) in a research note to investors on Wednesday, September 4th. They now have a $64.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of eBay (NASDAQ:EBAY) in a research note to investors on Friday, August 23rd. They now have a $54.00 price target on the stock.
Nine equities research analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the stock. eBay presently has an average rating of “Buy” and an average target price of $62.17.
eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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