BTIG Research reissued their buy rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a report released on Sunday morning. They currently have a $81.00 price objective on the credit services provider’s stock.

“from PYPL; Reduced Credit Risk Could Boost Multiple PayPal Holdings (PYPL) for more than a year has been working toward the implementation of an “asset-light” strategy with regard to its exposure to consumer credit in which it would continue to make credit available to consumers while taking the associated receivables off of its balance sheet, thus freeing up capital and improving the company’s credit risk and funding profile.”,” BTIG Research’s analyst wrote.

A number of other brokerages have also recently commented on PYPL. Credit Suisse Group restated an outperform rating and set a $70.00 target price (up previously from $63.00) on shares of PayPal Holdings in a report on Tuesday, October 10th. Robert W. Baird boosted their target price on shares of PayPal Holdings from $80.00 to $85.00 and gave the company an outperform rating in a report on Thursday, November 16th. Royal Bank Of Canada restated a buy rating and set a $89.00 target price (up previously from $83.00) on shares of PayPal Holdings in a report on Friday, November 17th. Mizuho restated a hold rating and set a $50.00 target price on shares of PayPal Holdings in a report on Sunday, October 15th. Finally, Citigroup Inc. boosted their target price on shares of PayPal Holdings to $77.00 and gave the company a buy rating in a report on Tuesday, October 3rd. Ten investment analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $73.11.

Shares of PayPal Holdings (PYPL) opened at $77.77 on Friday. PayPal Holdings has a fifty-two week low of $38.06 and a fifty-two week high of $78.43. The company has a market cap of $93,470.00 and a price-to-earnings ratio of 54.56.

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

WARNING: “BTIG Research Reaffirms Buy Rating for PayPal Holdings, Inc. (PYPL)” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/11/22/btig-research-reaffirms-buy-rating-for-paypal-holdings-inc-pypl.html.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. San Francisco Sentry Investment Group CA boosted its position in shares of PayPal Holdings by 352.8% during 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 acquiring an additional 1,217 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PayPal Holdings during the 3rd quarter valued at approximately $113,000. Kistler Tiffany Companies LLC boosted its position in shares of PayPal Holdings by 511.9% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after acquiring an additional 1,684 shares during the last quarter. Archford Capital Strategies LLC boosted its position in shares of PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after acquiring an additional 1,281 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of PayPal Holdings by 171.4% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after acquiring an additional 1,808 shares during the last quarter. 82.77% of the stock is owned by institutional investors and hedge funds.

PayPal Holdings 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.

Analyst Recommendations for PayPal Holdings (NASDAQ:PYPL)

Receive News & Stock Ratings for PayPal Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal Holdings Inc. and related stocks with our FREE daily email newsletter.