eBay (NASDAQ: EBAY)‘s stock had its “buy” rating reiterated by investment analysts at TheStreet in a note issued to investors on Friday.
The analysts wrote, “eBay (EBAY) has been reiterated by TheStreet Ratings as a buy with a ratings score of A . The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
eBay opened at 54.71 on Friday. eBay has a 52-week low of $34.83 and a 52-week high of $57.27. The stock’s 50-day moving average is currently $55.16. The company has a market cap of $70.932 billion and a price-to-earnings ratio of 27.49.
eBay last posted its quarterly earnings results on Wednesday, January 16th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.69 by $0.01. The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 18.1% on a year-over-year basis. eBay has set its Q1 guidance at $0.60-0.62 EPS and its FY13 guidance at $2.70-2.75 EPS. Analysts expect that eBay will post $2.72 EPS for the current fiscal year.
EBAY has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets initiated coverage on shares of eBay in a research note to investors on Thursday. They set an “outperform” rating and a $64.00 price target on the stock. Separately, analysts at Wedbush reiterated an “outperform” rating on shares of eBay in a research note to investors on Monday. They now have a $64.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of eBay in a research note to investors on Friday, February 22nd. They now have a $57.00 price target on the stock.
Twenty analysts have rated the stock with a buy rating, five have given an overweight rating, and thirteen have given a hold rating to the stock. eBay presently has an average rating of “overweight” and an average target price of $60.38.
eBay Inc. (eBay) is a global commerce platform. The Company enables commerce through three reportable segments: Marketplaces, Payments and GSI Commerce (GSI).
To view TheStreet’s full report, visit www.thestreetratings.com
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