eBay Inc: Average Hold Rating
FSM News | Dec 26, 2016 09:00AM ET
Several analysts issued a “hold” rating on the social media giant before the actual results for the quarter.
eBay Inc. (NASDAQ:EBAY) stocks have been issued a consensus rating of “Hold” by forty-three research firms that are currently covering the company. Four analysts of which gave a “Sell” rating on the stock, twenty have issued a “Hold” rating, seventeen affirmed a “Buy” rating and two recommended a “Strong Buy” rating to the company. Meanwhile, the average 12-month target price among research firms that have issued ratings on the stock stood at $33.60 last year.
Many analysts currently weigh in on eBay Inc. stocks, with Susquehanna issuing a “positive” rating and set a price objective of $34.00, up from $32.00 of the company’s shares on July 21st. Mizuho upgraded their price objective on the stock from an earlier reading of $31.00 to $32.00 and gave a “neutral” rating on October 20th.
Eyes on eBay Inc. Stock
Market players are closely watching on shares of eBay Inc., with a current six month price index of 1.28794 on the stock, which is calculated by dividing the current share price to the share price six months earlier.
In essence, the ratio over one corresponds to a significant increase in the stock price in a span of six month time. Thus, the ratio under one suggests that the price downgraded over that specific time.
Analysts’ Outlook
Ahead of the current six month price index of the stock, private investors were also eyeing to how researchers would respond. A research firm with more than 30 years of experience, Zachs Research, compiles all of this brokerage information and had produced rankings, including analytical data.
Subsequently, sell-side analysts are expecting eBay Inc.’s shares to hit as high as $24-$40, with a consensus target price of $32.037.
Some analysts are expecting the social media giant to post a quarterly share earnings of about $0.47, citing the reported actual earnings in the last quarter stood at $0.38. Interested parties are anticipated to wait for the moment when the company will report their actual results on January 25, 2017.
Current Stance of eBay Inc. Stock
The chart below illustrates the eBay Inc. stock ahead of the most awaited earnings report on January 25, 2017.
Given a bullish tone of the stock, market participants indulge in buying the stock and are anticipating a rally before the actual results for the quarter. Thus, the stock is currently prone to an upside bias as soon as the candle breaks through resistance 29.79.
Conclusion
As shares of eBay Inc. are currently in a bullish tone, market participants are recommended to wait on the sidelines as there aren’t any supporting candle present as of writing.
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