TripAdvisor PT Raised to $68.00 (TRIP)
Equities research analysts at Evercore Partners raised their price target on shares of TripAdvisor (NASDAQ:TRIP) from $65.00 to $68.00 in a research note issued to investors on Thursday, AnalystRatings.Net reports. The firm currently has an “underweight” rating on the stock. Evercore Partners’ target price indicates a potential downside of 9.15% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of TripAdvisor from $62.00 to $67.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at Deutsche Bank reiterated an “in-line” rating on shares of TripAdvisor in a research note to investors on Thursday. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of TripAdvisor in a research note to investors on Thursday. They now have a $92.00 price target on the stock, down previously from $93.00. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the company. TripAdvisor presently has a consensus rating of “Hold” and an average target price of $70.83.
TripAdvisor (NASDAQ:TRIP) traded down 0.48% during mid-day trading on Thursday, hitting $74.85. The stock had a trading volume of 10,535,250 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 $74.35 and its 200-day moving average is $60.9. The company has a market cap of $10.702 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 previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 19.9% on a year-over-year basis.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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