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SunTrust Upgrades eBay (NASDAQ:EBAY) Rating to “Buy” from “Hold”

SunTrust Analyst Rating Change eBay NASDAQ:EBAY

eBay (NASDAQ:EBAY) Rating Increased

Ebay (NASDAQ:EBAY)’s stock was raised to “Buy” by professional analysts at SunTrust. EBAY’s “Hold” rating is no longer valid.

Despite this stock rating upgrade NASDAQ:EBAY is currently trading -0.28% lower at $35.84 as of 6:04 AM New York time. eBay’s stock is 0% over the past 200 days. It has underperformed the S&P 500 Index, which has risen 6.00% over the same time period.

Out of 34 analysts covering eBay, 14 rate it a Buy, 24 indicate a Hold while 2 suggest a Sell. The highest target is $36 and the lowest is $22.5 according to Thomson/First Call. The 12-month mean target is $28.01, which means downside potential of 21.85% over the current price.

Institutional Ownership

Rit Capital Partners Plc had the most significant stake with ownership of 686,000 shares as of q2 2015 for 16.35% of the fund’s portfolio. Clenar Muke Llc is another bullish investment professional who is owning 42.59 million shares of eBay or 7.02% of their fund’s portfolio. Also, Independent Franchise Partners Llp have 6.44% of their fund’s portfolio invested in the company for 19.59 million shares. The New York-based fund Srs Investment Management Llc revealed it had purchased so far a stake worth about 5.76% of the investment professional’s stock portfolio in eBay. The Washington-based fund Smead Capital Management Inc. is also positive about the stock, possessing 6.63 million shares or 5.68% of their fund’s portfolio.

eBay (NASDAQ:EBAY) Profile

Ebay InceBay Inc. (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.

eBay (NASDAQ:EBAY) traded down -0.28% on 12 January, hitting $35.84. A total of 3.12M shares of the company’s stock traded hands. This is down from average of 9.14M shares. eBay has a 52 week low of $27.28 and a 52 week high of $39.28. The company has a market cap of $37.44B and a P/E ratio of 5.29.

Get the latest eBay (NASDAQ:EBAY) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post SunTrust Upgrades eBay (NASDAQ:EBAY) Rating to “Buy” from “Hold” appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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SunTrust Upgrades eBay (NASDAQ:EBAY) Rating to “Buy” from “Hold”

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