Canaccord Genuity downgraded Paypal Holdings Inc (NASDAQ:PYPL) to Hold in a report released today.
- Updated: September 19, 2016
Showing a price of $40.70, Paypal Holdings Inc (NASDAQ:PYPL) traded 1.17% lower on the day. The last stock close is up 5.04% relative to the two hundred day average, compared with the S&P 500 which has fallen -0.01% over the date range. PYPL has been tracking to a 50-day moving average of $37.80 and two hundred day average of $38.29. 1,835,871 shares of the stock were exchanged, down from ann avg. volume of 8,734,580
Canaccord Genuity has downgraded Paypal Holdings Inc(NASDAQ:PYPL) to Hold in a statement released 9/19/2016.
Previously on 9/15/2016, Craig-Hallum reported on Paypal Holdings Inc(NASDAQ:PYPL) bumped the target price from $0.00 to $52.00. At the time, this suggested an upside of 0.30%.
A total of 34 equity analysts have reported on the company. Eleven analysts rate the stock a strong buy, 13 analysts rate the company a buy, 12 firms rate the company a hold, three brokerages rate the company to underperform, and finally 0 firmsrate the company as sell with a one year target price of $43.68
Paypal Holdings Inc has a 52 week low of $30.30 and a 52 week high of $41.75 with a PE ratio of 37. PYPL’s total market value is presently $0.0.
About Paypal Holdings Inc (NASDAQ:PYPL)
PayPal Holdings, Inc. (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions. Its combined payment solution capabilities, including its PayPal, PayPal Credit, Braintree, Venmo and Xoom products, comprise its Payments Platform. It allows its customers to use their account to both purchase and be paid for goods, as well as transfer and withdraw funds. A consumer can typically fund a purchase using a bank account, a PayPal account balance, a PayPal Credit account, a credit or debit card or other stored value products, such as coupons and gift cards. The PayPal, Venmo, and Xoom products allow friends and family to transfer funds to each other, and including cross border transfers using several of these funding sources.
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