PayPal (NASDAQ:PYPL) Issues Earnings Results

PayPal (NASDAQ:PYPL) announced its earnings results on Tuesday. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08, Zacks reports. PayPal had a return on equity of 23.44% and a net margin of 14.08%. During the same quarter in the prior year, the firm earned $1.48 earnings per share.

PayPal Trading Up 1.0 %

NASDAQ:PYPL opened at $89.51 on Tuesday. The stock has a fifty day simple moving average of $88.16 and a 200 day simple moving average of $79.05. The firm has a market capitalization of $89.74 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. PayPal has a 1-year low of $55.77 and a 1-year high of $93.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

Wall Street Analyst Weigh In

PYPL has been the subject of several research analyst reports. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Sanford C. Bernstein cut PayPal from an “outperform” rating to a “market perform” rating and raised their target price for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. UBS Group upped their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $89.48.

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.