Somewhat Favorable News Coverage Somewhat Unlikely to Impact Paypal (PYPL) Share Price

Media stories about Paypal (NASDAQ:PYPL) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Paypal earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the credit services provider an impact score of 46.0361947962493 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

Several research analysts have weighed in on PYPL shares. Royal Bank of Canada reiterated a “buy” rating and issued a $65.00 price target on shares of Paypal in a research report on Tuesday, August 29th. Susquehanna Bancshares reiterated a “positive” rating and issued a $67.00 price target on shares of Paypal in a research report on Tuesday, August 29th. Credit Suisse Group reissued an “outperform” rating on shares of Paypal in a research note on Tuesday, September 5th. Sanford C. Bernstein reissued an “outperform” rating and issued a $66.00 price objective (up from $61.00) on shares of Paypal in a research note on Tuesday, September 5th. Finally, Jefferies Group reissued a “buy” rating and issued a $61.27 price objective (down from $70.00) on shares of Paypal in a research note on Wednesday, September 6th. Ten analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $73.53.

Paypal (NASDAQ PYPL) traded up $0.47 on Thursday, reaching $74.09. 7,196,400 shares of the company traded hands, compared to its average volume of 7,883,485. The stock has a market capitalization of $88,484.62, a PE ratio of 52.59, a price-to-earnings-growth ratio of 3.02 and a beta of 1.03. Paypal has a 52 week low of $39.02 and a 52 week high of $79.39.

Paypal (NASDAQ:PYPL) last posted its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Paypal had a net margin of 12.69% and a return on equity of 11.33%. Paypal’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period last year, the company posted $0.35 earnings per share. analysts forecast that Paypal will post 1.37 EPS for the current year.

In other Paypal news, Director Rodney C. Adkins acquired 6,750 shares of the company’s stock in a transaction on Friday, December 8th. The stock was acquired at an average cost of $74.04 per share, with a total value of $499,770.00. Following the purchase, the director now directly owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 6.00% of the company’s stock.

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About Paypal

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.

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