PayPal Holdings’ (PYPL) “Overweight” Rating Reiterated at KeyCorp

KeyCorp reissued their overweight rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a research report report published on Friday. KeyCorp currently has a $85.00 price target on the credit services provider’s stock, up from their previous price target of $80.00. KeyCorp also issued estimates for PayPal Holdings’ FY2017 earnings at $1.38 EPS.

A number of other equities research analysts also recently commented on PYPL. Vetr raised PayPal Holdings from a hold rating to a buy rating and set a $60.76 target price for the company in a report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) reissued a conviction-buy rating and issued a $72.00 target price (up previously from $60.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Robert W. Baird reissued an outperform rating and issued a $65.00 target price (up previously from $59.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Susquehanna Bancshares Inc reissued a positive rating and issued a $75.00 target price (up previously from $67.00) on shares of PayPal Holdings in a report on Friday, September 29th. Finally, Sanford C. Bernstein reissued an outperform rating and issued a $66.00 target price on shares of PayPal Holdings in a report on Wednesday, September 27th. Ten equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $73.11.

Shares of PayPal Holdings (NASDAQ PYPL) opened at $76.01 on Friday. PayPal Holdings has a fifty-two week low of $38.06 and a fifty-two week high of $78.01. The company has a market capitalization of $91,980.00 and a price-to-earnings ratio of 54.56.

PayPal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the company earned $0.35 earnings per share. PayPal Holdings’s quarterly revenue was up 21.4% compared to the same quarter last year. research analysts anticipate that PayPal Holdings will post 1.37 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in PYPL. San Francisco Sentry Investment Group CA raised its position in shares of PayPal Holdings by 352.8% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after purchasing an additional 1,217 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PayPal Holdings in the 3rd quarter valued at approximately $113,000. Kistler Tiffany Companies LLC raised its position in shares of PayPal Holdings by 511.9% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after purchasing an additional 1,684 shares in the last quarter. Archford Capital Strategies LLC raised its position in shares of PayPal Holdings by 65.4% in the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after purchasing an additional 1,281 shares in the last quarter. Finally, Balentine LLC raised its position in shares of PayPal Holdings by 28.7% in the 1st quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after purchasing an additional 780 shares in the last quarter. 82.77% of the stock is currently owned by institutional investors.

About PayPal Holdings

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.

Analyst Recommendations for PayPal Holdings (NASDAQ:PYPL)

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