Research analysts at JP Morgan Cazenove dropped their price objective on shares of eBay (NASDAQ:EBAY) from $63.00 to $60.00 in a report released on Thursday, StockRatingsNetwork reports. The firm currently has an “overweight” rating on the stock. JP Morgan Cazenove’s price objective would indicate a potential upside of 12.11% from the stock’s previous close.
eBay (NASDAQ: EBAY) traded down 6.73% on Thursday, hitting $53.52. eBay has a 1-year low of $42.81 and a 1-year high of $58.04. The stock’s 50-day moving average is currently $53.13. The company has a market cap of $69.458 billion and a price-to-earnings ratio of 27.85.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $0.63 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.63. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the company posted $0.56 earnings per share. eBay’s revenue was up 14.1% compared to the same quarter last year. eBay has set its Q3 guidance at $0.61-0.63 EPS and its FY13 guidance at $2.70-2.75 EPS. On average, analysts predict that eBay will post $2.75 earnings per share for the current fiscal year.
EBAY has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of eBay from $64.00 to $67.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Evercore Partners reiterated an “overweight” rating on shares of eBay in a research note to investors on Thursday. They now have a $64.00 price target on the stock. Finally, analysts at Cantor Fitzgerald cut their price target on shares of eBay from $64.00 to $62.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.
Ten equities research analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $62.26.
eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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