Topeka Capital Starts Stock Coverage on eBay (EBAY)

By admin | 6 years ago

Equities researchers at Topeka Capital assumed coverage on shares of eBay (NASDAQ: EBAY) in a report issued on Tuesday. The firm set a “hold” rating on the stock.

Shares of eBay traded up 0.67% during mid-day trading on Tuesday, hitting $40.32. eBay has a 52 week low of $26.86 and a 52 week high of $41.84. The company has a market cap of $52.062 billion and a P/E ratio of 15.76.

eBay last announced its earnings results on Wednesday, April 18th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. The company’s revenue for the quarter was up 28.7% on a year-over-year basis. On average, analysts predict that eBay will post $0.55 earnings per share next quarter.

A number of other firms have also recently commented on EBAY. Analysts at Zacks reiterated a “neutral” rating on shares of eBay in a research note to investors on Monday, May 7th. They now have a $41.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of eBay from $42.00 to $43.00 in a research note to investors on Thursday, April 19th. Finally, analysts at UBS AG (NYSE: UBS) raised their price target on shares of eBay from $45.00 to $47.00 in a research note to investors on Thursday, April 19th. They now have a “buy” rating on the stock.

eBay Inc. (eBay) is a global commerce platform. The Company enables commerce through three reportable segments: Marketplaces, Payments and GSI Commerce (GSI).

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