PayPal Holdings Inc (PYPL): Street Finally Waking Up

Currently, there are 1.07B common shares owned by the public and among those 1.06B shares have been available to trade.

The company’s stock has a 5-day price change of 1.29% and 6.88% over the past three months. PYPL shares are trading 9.09% year to date (YTD), with the 12-month market performance down to -7.85% lower. It has a 12-month low price of $50.25 and touched a high of $77.95 over the same period. PYPL has an average intraday trading volume of 18.33 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.56%, 8.98%, and 8.79% respectively.

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Institutional ownership of PayPal Holdings Inc (NASDAQ: PYPL) shares accounts for 69.32% of the company’s 1.07B shares outstanding.

It has a market capitalization of $71.80B and a beta (3y monthly) value of 1.45. The stock’s trailing 12-month PE ratio is 17.41, while the earnings-per-share (ttm) stands at $3.85. The company has a PEG of 0.88 and a Quick Ratio of 1.29 with the debt-to-equity ratio at 0.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.72% over the week and 2.84% over the month.

Analysts forecast that PayPal Holdings Inc (PYPL) will achieve an EPS of $1.21 for the current quarter, $1.19 for the next quarter and $5.59 for 2025. The lowest estimate earnings-per-share for the quarter is $0.93 while analysts give the company a high EPS estimate of $1.25. Comparatively, EPS for the current quarter was $1.17 a year ago. Earnings per share for the fiscal year are expected to increase by 0.61%, and 10.37% over the next financial year. EPS should grow at an annualized rate of 19.80% over the next five years, compared to 17.54% over the past 5-year period.

Looking at the support for the PYPL, a number of firms have released research notes about the stock. Daiwa Securities stated their Neutral rating for the stock in a research note on February 13, 2024, with the firm’s price target at $64-$62. DZ Bank coverage for the PayPal Holdings Inc (PYPL) stock in a research note released on February 09, 2024 offered a Hold rating with a price target of $60. Argus was of a view on February 09, 2024 that the stock is Hold, while Monness Crespi & Hardt gave the stock Buy rating on February 08, 2024, issuing a price target of $95- $80. Monness Crespi & Hardt on their part issued Buy rating on January 29, 2024.

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