Brokerages Set PayPal Holdings, Inc. (NASDAQ:PYPL) Price Target at $75.58

PayPal Holdings, Inc. (NASDAQ:PYPL) has been assigned an average recommendation of “Moderate Buy” from the thirty-seven brokerages that are covering the firm, Marketbeat.com reports. Sixteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $76.38.

A number of brokerages have issued reports on PYPL. Royal Bank of Canada restated an “outperform” rating and set a $84.00 target price on shares of PayPal in a research report on Wednesday, July 31st. Jefferies Financial Group reduced their price objective on shares of PayPal from $70.00 to $65.00 in a research note on Monday, July 29th. Mizuho reaffirmed an “outperform” rating and set a $90.00 price target on shares of PayPal in a report on Tuesday, August 20th. Monness Crespi & Hardt lifted their price objective on shares of PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, TD Cowen upped their target price on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $77.88 on Monday. The firm has a market cap of $81.47 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 1.11 and a beta of 1.43. The business’s 50 day moving average is $68.41 and its 200-day moving average is $64.93. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal has a 1-year low of $50.25 and a 1-year high of $80.63.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter last year, the business earned $0.83 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities research analysts predict that PayPal will post 4.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. SYSTM Wealth Solutions LLC increased its holdings in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares in the last quarter. Pittenger & Anderson Inc. grew its position in PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares during the period. Verity Asset Management Inc. increased its stake in PayPal by 1.9% during the 1st quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock valued at $650,000 after purchasing an additional 181 shares in the last quarter. Indiana Trust & Investment Management CO raised its holdings in PayPal by 18.6% during the first quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock worth $79,000 after buying an additional 184 shares during the last quarter. Finally, Checchi Capital Advisers LLC lifted its stake in shares of PayPal by 3.1% in the second quarter. Checchi Capital Advisers LLC now owns 6,166 shares of the credit services provider’s stock valued at $358,000 after buying an additional 184 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

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.