Paypal Holdings Inc (NASDAQ:PYPL) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 23, 2016
Zacks Investment Research has downgraded Paypal Holdings Inc (NASDAQ:PYPL) to Sell in a statement released on 9/24/2016.
On 9/19/2016, Canaccord released a statement on Paypal Holdings Inc (NASDAQ:PYPL) dropped the target price from $45.00 to $40.00 that suggested a downside of -0.02%.
Showing a price of $40.49, Paypal Holdings Inc (NASDAQ:PYPL) traded -1.04% lower on the day. With the last stock price close up 4.41% from the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. The company has recorded a 50-day moving average of $38.52 and a 200-day moving average of $38.38. Trade Volume was down over the average, with 6,234,613 shares of PYPL changing hands under the typical 8,764,980
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Paypal Holdings Inc has a 52 week low of $30.30 and a 52 week high of $41.75 with a P/E ratio of 36.43 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 34 firms have issued a report on the stock. The consensus target price is $43.68 with 11 firms rating the stock a strong buy, 13 firms rating the stock a buy, 12 firms rating the stock a hold, 3 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information 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, including cross border transfers using several of these funding sources.
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