PayPal (NASDAQ:PYPL) Price Target Cut to $79.00 by Analysts at Morgan Stanley

PayPal (NASDAQ:PYPL) had its price target dropped by research analysts at Morgan Stanley from $90.00 to $79.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the credit services provider’s stock. Morgan Stanley’s price target indicates a potential upside of 1.65% from the company’s previous close.

PYPL has been the topic of a number of other research reports. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Wednesday. Robert W. Baird lifted their price objective on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Monness Crespi & Hardt raised their target price on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Barclays increased their price target on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, Phillip Securities restated an “accumulate” rating and issued a $90.00 target price (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.13.

PayPal Price Performance

NASDAQ:PYPL opened at $77.72 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a 50 day moving average price of $88.01 and a 200 day moving average price of $79.39. The stock has a market cap of $77.92 billion, a PE ratio of 18.55, a P/E/G ratio of 1.49 and a beta of 1.44. PayPal has a one year low of $55.77 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 EPS. Equities research analysts expect that PayPal will post 4.58 EPS for the current fiscal year.

Institutional Investors Weigh In On PayPal

A number of institutional investors and hedge funds have recently modified their holdings of the company. Park Place Capital Corp raised its position in shares of PayPal by 6.6% during the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock worth $161,000 after buying an additional 116 shares in the last quarter. Bruce G. Allen Investments LLC increased its stake in shares of PayPal by 7.4% during the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after acquiring an additional 124 shares during the period. Rosenberg Matthew Hamilton increased its stake in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares during the period. JFS Wealth Advisors LLC raised its holdings in PayPal by 33.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 125 shares in the last quarter. Finally, Wynn Capital LLC lifted its position in PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

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.