Deutsche Bank Downgrades Expedia to Hold (EXPE)
Expedia (NASDAQ:EXPE) was downgraded by investment analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports. They currently have a $51.00 target price on the stock, down from their previous target price of $66.00. Deutsche Bank’s price target would suggest a potential downside of 1.41% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of Expedia (NASDAQ:EXPE) traded down 7.13% on Monday, hitting $48.04. 9,295,612 shares of the company’s stock traded hands. Expedia has a 1-year low of $45.69 and a 1-year high of $68.09. The stock has a 50-day moving average of $50. and a 200-day moving average of $56.16. The company has a market cap of $6.533 billion and a price-to-earnings ratio of 49.55.
Expedia (NASDAQ:EXPE) last released its earnings data on Thursday, July 25th. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.79 by $0.15. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, analysts predict that Expedia will post $3.10 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Janney Montgomery Scott initiated coverage on shares of Expedia in a research note to investors on Wednesday, September 11th. They set a “neutral” rating on the stock. Separately, analysts at Lazard Capital Markets upgraded shares of Expedia from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 9th. They now have a $51.33 price target on the stock, down previously from $60.00. Finally, analysts at TheStreet downgraded shares of Expedia from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 15th. Nineteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $64.09.
Expedia, Inc (NASDAQ:EXPE) is an online travel company.
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