SunTrust Robinson analyst Youssef Squali maintained a Hold rating on Ebay (EBAY) today and set a price target of $36. The company’s shares closed yesterday at $40.27, close to its 52-week high of $40.55.
Squali wrote:
“We maintain Hold/$36 PT ($40 SOTP) going into 2Q19 earnings due out Wed. 7/17. We expect the results/FY19 outlook to be in line with muted Street expectations, showing continued strain in Marketplace GMV growth with slightly better revenue trends, largely driven by promoted listings. We don’t expect a material update on the on-going operating and portfolio reviews. The current capital allocation effectively pays investors to wait (~$5B in share buybacks & ~$500M annual dividend in 2019) until 2H20/2021, when payments/1P advertising should have a greater positive effect on the overall P&L.”
According to TipRanks.com, Squali is a top 100 analyst with an average return of 26.6% and a 74.8% success rate. Squali covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, Uber Technologies Inc, and IAC/InterActiveCorp.
Ebay has an analyst consensus of Moderate Buy, with a price target consensus of $40.47, representing a 0.5% upside. In a report released yesterday, Stifel Nicolaus also maintained a Hold rating on the stock with a $41 price target.
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Ebay’s market cap is currently $35.28B and has a P/E ratio of 14.70. The company has a Price to Book ratio of 6.78.
Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2019, Marie Oh Huber, the SVP, GC & Sec of EBAY sold 40,288 shares for a total of $1,535,809.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
eBay, Inc. operates as a commerce company, which engages in the provision of investments and acquisitions to help enable commerce on platforms for buyers and sellers online or on mobile devices. It operates throught the following platforms: Marketplace; Classifieds; StubHub, Corporate, and Others.
