Vetr Upgrades Paypal (PYPL) to Strong-Buy

Vetr upgraded shares of Paypal (NASDAQ:PYPL) from a buy rating to a strong-buy rating in a report published on Monday morning. Vetr currently has $82.59 target price on the credit services provider’s stock.

A number of other research firms also recently weighed in on PYPL. Deutsche Bank restated a buy rating and issued a $77.00 target price (up previously from $64.00) on shares of Paypal in a research report on Tuesday, October 3rd. Citigroup boosted their target price on Paypal to $77.00 and gave the stock a buy rating in a research report on Tuesday, October 3rd. Buckingham Research started coverage on Paypal in a research report on Monday, October 2nd. They issued a buy rating and a $74.00 target price for the company. Robert W. Baird restated a buy rating and issued a $65.00 target price on shares of Paypal in a research report on Friday, September 29th. Finally, KeyCorp restated a buy rating and issued a $70.00 target price (up previously from $66.00) on shares of Paypal in a research report on Monday, September 18th. Ten analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $74.65.

Shares of Paypal (NASDAQ:PYPL) opened at $76.73 on Monday. The stock has a market capitalization of $92,220.00 and a PE ratio of 59.95. Paypal has a 12-month low of $39.02 and a 12-month high of $79.39.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. equities analysts expect that Paypal will post 1.37 earnings per share for the current year.

In other news, Director Rodney C. Adkins purchased 6,750 shares of Paypal stock in a transaction that occurred on Friday, December 8th. The shares were bought at an average cost of $74.04 per share, with a total value of $499,770.00. Following the completion of the purchase, the director now directly owns 10,149 shares in the company, valued at $751,431.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of PYPL. Apriem Advisors boosted its holdings in Paypal by 0.6% in the second quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock worth $451,000 after acquiring an additional 52 shares in the last quarter. Westside Investment Management Inc. boosted its holdings in Paypal by 0.4% in the second quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after acquiring an additional 60 shares in the last quarter. Train Babcock Advisors LLC boosted its holdings in Paypal by 1.6% in the second quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock worth $292,000 after acquiring an additional 86 shares in the last quarter. Calamos Wealth Management LLC boosted its holdings in Paypal by 0.3% in the second quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock worth $2,086,000 after acquiring an additional 98 shares in the last quarter. Finally, Ropes Wealth Advisors LLC boosted its holdings in Paypal by 1.2% in the second quarter. Ropes Wealth Advisors LLC now owns 8,642 shares of the credit services provider’s stock worth $464,000 after acquiring an additional 99 shares in the last quarter. 80.73% of the stock is currently owned by institutional investors.

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About Paypal

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Paypal (NASDAQ:PYPL)

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