TripAdvisor Price Target Raised to $78.00 at UBS AG (TRIP)
Investment analysts at UBS AG upped their price objective on shares of TripAdvisor (NASDAQ:TRIP) from $62.00 to $78.00 in a note issued to investors on Monday, American Banking News.com reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target indicates a potential upside of 5.39% from the stock’s previous close.
Shares of TripAdvisor (NASDAQ:TRIP) traded up 0.17% during mid-day trading on Monday, hitting $74.1325. The stock had a trading volume of 1,517,573 shares. 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 $74.32 and its 200-day moving average is $64.54. The company has a market cap of $10.600 billion and a price-to-earnings ratio of 48.28.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. Analysts expect that TripAdvisor will post $1.74 EPS for the current fiscal year.
A number of other firms have also recently commented on TRIP. Analysts at McLean Capital Management downgraded shares of TripAdvisor from a “buy” rating to a “neutral” rating in a research note to investors on Friday. Separately, analysts at Stifel Nicolaus upgraded shares of TripAdvisor from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 23rd. They now have a $93.00 price target on the stock. Finally, analysts at Evercore Partners reiterated an “underweight” rating on shares of TripAdvisor in a research note to investors on Tuesday, September 10th. They now have a $65.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. TripAdvisor currently has a consensus rating of “Hold” and a consensus price target of $69.88.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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