TripAdvisor Stock Rating Upgraded by Stifel Nicolaus (TRIP)
TripAdvisor (NASDAQ:TRIP) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Evercore Partners reiterated an “underweight” rating on shares of TripAdvisor (NASDAQ:TRIP) in a research note to investors on Tuesday, September 10th. They now have a $65.00 price target on the stock. Separately, analysts at Needham & Company reiterated a “buy” rating on shares of TripAdvisor (NASDAQ:TRIP) in a research note to investors on Wednesday, August 28th. They now have a $75.00 price target on the stock. Finally, analysts at S&P Equity Research upgraded shares of TripAdvisor (NASDAQ:TRIP) from a “sell” rating to a “hold” rating in a research note to investors on Thursday, August 22nd.
Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $67.27.
Shares of TripAdvisor (NASDAQ:TRIP) opened at 75.12 on Monday. TripAdvisor has a 52 week low of $28.63 and a 52 week high of $82.19. The stock’s 50-day moving average is $74.27 and its 200-day moving average is $61.98. The company has a market cap of $10.741 billion and a P/E ratio of 49.00.
TripAdvisor (NASDAQ:TRIP) last released its earnings data on Wednesday, July 24th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.03. The company had revenue of $246.90 million for the quarter, compared to the consensus estimate of $236.57 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 25.2% on a year-over-year basis. On average, analysts predict that TripAdvisor will post $1.74 earnings per share for the current fiscal year.
In other TripAdvisor news, SVP Seth J. Kalvert sold 48,443 shares of the company’s stock on the open market in a transaction dated Monday, September 9th. The shares were sold at an average price of $74.62, for a total value of $3,614,816.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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