RBC Capital Increases TripAdvisor Price Target to $68.00 (TRIP)
Analysts at RBC Capital increased their price objective on shares of TripAdvisor (NASDAQ:TRIP) from $65.00 to $68.00 in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective points to a potential downside of 9.59% from the company’s current price.
TripAdvisor (NASDAQ:TRIP) opened at 75.21 on Thursday. 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 $74.35 and its 200-day moving average is $60.9. The company has a market cap of $10.754 billion and a P/E ratio of 49.06.
TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, October 23rd. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.01. The company had revenue of $255.10 million for the quarter, compared to the consensus estimate of $255.96 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 19.9% 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 Needham & Company raised their price target on shares of TripAdvisor to $90.00 in a research note to investors on Thursday. Separately, analysts at FBR & Co. initiated coverage on shares of TripAdvisor in a research note to investors on Wednesday. They set a “market perform” rating on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of TripAdvisor in a research note to investors on Wednesday. They set a “market perform” rating and a $70.00 price target on the stock. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company. TripAdvisor presently has an average rating of “Hold” and an average target price of $71.67.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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