eBay Inc. (NASDAQ:EBAY).
On September 29 the company was upgraded from “Underweight” to “Buy” and a price target of $40.00 was set in a report issued by Deutsche Bank. On August 30, 2016 Hilliard Lyons added the stock to its research portfolio giving it an initial rating of “Long-term Buy” and establishing a price target of $35.00.
July 21 investment analysts at Deutsche Bank made no change to the company rating of “Underweight” and moved down the price target to $24.00 from $28.00. On July 21 Cantor Fitzgerald maintained a company rating of “Underweight” and lowered the price target from $27.00 to $24.00.
On July 21 Canaccord Genuity held the stock rating at “Underweight” but lowered the price expectation from $26.00 to $24.00.
In the market the company is trading down since yesterday’s close of $31.94. It is trading at $31.85 which is marginally over the 50 day moving average which is $31.60 and a bit higher than the 200 day moving average of $26.79. The 50 day moving average went up by +0.80% and the 200 day average was up $5.06.
The company currently has a P/E ratio of 19.58 and market cap is 35.96B. In the last earnings report the EPS was $1.63 and is estimated to be $1.89 for the current year with 1,129,018,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.54 with next year’s EPS projected to be $2.09.
Short traders are more bearish on eBay Inc. of late at least if you consider the rise in short interest. The firm experienced a rise in short interest of 0.06% between August 31, 2016 and September 15, 2016. Short interest grew from 19,399,188 to 20,496,514 over that period. With short interest at 20,496,514 and short average daily volume at 8,471,306, the short-interest ratio is 2.4 and the short interest percentage is 0.02% as of September 15.