New York, July 20 (FinanceEnquiry.com) – Analyst Scott Kessler at S&P CAPITAL IQ keeps HOLD ratings on the shares of EBAY (NASDAQ: EBAY). The 12-month target price has been raised from $42 to $45.
In a research note published yesterday, the analyst mentions that the target price has been raised in order to indicate revised DCF analysis. The EPS estimates has been maintained at $2.15 and $2.60 for 2012 and 2013, respectively.
It has been valued that EBAY has posted EPS of $0.52 against $0.42, more than bank’s estimate by $0.02 paced by Payments business. The revenues increased 23 percent, matching the estimates. However, payments revenues raised 26 percent as compared to the estimates of 24 percent. The payments transaction also continue to trend higher. However, GSI revenues stood less than the estimates by 10 percent. Apart from the international headwinds, it has been believed that EBAY executed well in Q2, the analyst says.
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