Barclays Holds To Rating And Raises Price Target On PayPal Holdings, Inc. (PYPL)

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PayPal Holdings, Inc. (NASDAQ:PYPL).

On October 18 Citigroup held the company rating at “Buy” and raised the price expectation from $43.00 to $77.00. October 20 investment analysts at BTIG Research left the company rating at “Market Perform” but raised the price expectation to $70.00 from $48.00.

October 20 investment analysts at Citigroup maintained a stock rating of “Market Perform” and lowered the price target from $77.00 to $70.00. On October 20 Credit Suisse left the stock rating at “Outperform” and moved up the price target from $43.00 to $80.00.

On October 20 KeyBanc made no change to the company rating of “Outperform” but moved up the price target to $80.00 from $70.00.

The company is trading up from yesterday’s close of 69.8. It is currently trading at $69.94 which is just over $65.10, the 50 day moving average and which is a tad above the 200 day moving average of $65.10. The 50 day moving average went up $4.84 or +7.44% and the 200 day average went up by +7.44%.

PayPal Holdings, Inc., launched on January 30, 2015, is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Business’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform. The Company operates a two-sided global technology platform that links its customers, both merchants and consumers, around the globe to facilitate the processing of payment transactions, allowing it to connect merchants and consumers. The Company allows its customers to use their account for both purchase and paying for goods, as well as to transfer and withdraw funds. The Company enables consumers to exchange funds with merchants using a range of funding sources, which include a bank account, a PayPal account balance, a PayPal Credit account, a credit and debit card or other stored value products, such as coupons and gift cards. The Company offers consumers person-to-person (P2P) payment solutions through its PayPal Website and mobile application, Venmo and Xoom..

The company currently has a P/E ratio of 56.40 and the market cap is 84.10B. In the last earnings report the EPS was $1.24 and is projected to be $1.86 for the current year with 1,202,396,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.54 with next year’s EPS anticipated to be $2.25.

Traders are more bearish on PayPal Holdings, Inc. as shown by the motion in short interest. The company had a rise in short interest of 5.28% as of September 29, 2017 from the last reporting period. Short shares grew from 24,747,381 to 26,053,739 over that timeframe. With short interest at 26,053,739 and short average daily volume at 8,096,551, the short-interest ratio is 3.0 and the short interest percentage is 0.02% as of September 29.