Vetr upgraded shares of PayPal Holdings, Inc. (NASDAQ:PYPL) from a hold rating to a buy rating in a report published on Monday. The firm currently has $79.66 price target on the credit services provider’s stock.

A number of other research analysts have also recently commented on PYPL. KeyCorp restated an overweight rating and set a $85.00 price target (up from $80.00) on shares of PayPal Holdings in a research note on Friday, November 17th. BTIG Research restated a buy rating and set a $81.00 price target on shares of PayPal Holdings in a research note on Sunday, November 19th. Goldman Sachs Group Inc restated a conviction-buy rating and set a $72.00 price target (up from $60.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Robert W. Baird reiterated an outperform rating and issued a $65.00 price objective (up from $59.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Finally, Susquehanna Bancshares Inc reiterated a positive rating and issued a $75.00 price objective (up from $67.00) on shares of PayPal Holdings in a research note on Friday, September 29th. Ten investment analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $73.11.

PayPal Holdings (NASDAQ:PYPL) opened at $77.57 on Monday. PayPal Holdings has a 52 week low of $38.06 and a 52 week high of $78.43. The company has a market capitalization of $93,230.00 and a price-to-earnings ratio of 55.55.

PayPal Holdings (NASDAQ:PYPL) last released 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 Holdings had a return on equity of 11.33% and a net margin of 12.69%. The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. The firm’s revenue was up 21.4% compared to the same quarter last year. research analysts forecast that PayPal Holdings will post 1.37 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.thecerbatgem.com/2017/11/24/paypal-holdings-inc-pypl-upgraded-to-buy-at-vetr-inc.html.

Large investors have recently bought and sold shares of the stock. Rhumbline Advisers grew its holdings in shares of PayPal Holdings by 0.9% during the second quarter. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider’s stock worth $99,318,000 after purchasing an additional 17,139 shares during the last quarter. Fundsmith LLP grew its holdings in shares of PayPal Holdings by 6.8% during the second quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock worth $754,131,000 after purchasing an additional 889,976 shares during the last quarter. Shikiar Asset Management Inc. grew its holdings in shares of PayPal Holdings by 2,671.9% during the second quarter. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider’s stock worth $7,587,000 after purchasing an additional 136,265 shares during the last quarter. Smith Asset Management Group LP purchased a new position in shares of PayPal Holdings during the second quarter worth about $50,648,000. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in shares of PayPal Holdings by 0.7% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 188,272 shares of the credit services provider’s stock worth $12,055,000 after purchasing an additional 1,400 shares during the last quarter. 82.77% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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.