Paypal (PYPL) Earning Somewhat Positive Media Coverage, Study Shows

News coverage about Paypal (NASDAQ:PYPL) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Paypal earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media coverage about the credit services provider an impact score of 45.309684024494 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Several research firms have issued reports on PYPL. Wells Fargo & Company lifted their price target on Paypal from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Craig Hallum set a $93.00 price target on Paypal and gave the company a “buy” rating in a research note on Monday, November 20th. Loop Capital lifted their price target on Paypal from $57.00 to $67.00 and gave the company a “hold” rating in a research note on Friday, October 20th. Vetr raised Paypal from a “hold” rating to a “buy” rating and set a $79.66 price target on the stock in a research note on Monday, November 20th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $66.00 price target (up previously from $61.00) on shares of Paypal in a research note on Tuesday, September 5th. Ten research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $73.25.

Paypal (NASDAQ:PYPL) traded down $0.78 during trading on Friday, reaching $72.91. The company had a trading volume of 8,350,000 shares, compared to its average volume of 10,462,285. Paypal has a fifty-two week low of $39.02 and a fifty-two week high of $79.39. The company has a market capitalization of $87,631.27, a PE ratio of 52.08, a P/E/G ratio of 2.99 and a beta of 1.03.

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

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Paypal Company Profile

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.

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