TripAdvisor Stock Rating Reaffirmed by Stifel Nicolaus (TRIP)
TripAdvisor (NASDAQ:TRIP)‘s stock had its “buy” rating reaffirmed by analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday, American Banking News.com reports. They currently have a $92.00 target price on the stock, down from their previous target price of $93.00. Stifel Nicolaus’ price target suggests a potential upside of 22.32% from the stock’s previous close.
The analysts wrote, “TripAdvisor’s engagement metrics continue to be very strong (260m uniques), and financial results were in-line, perhaps even a little better than feared. As previewed, total guidance was maintained despite a reduction to click-based ad outlook. Shares might digest the outlook but we believe weakness should be bought. We maintain that evidence of weak engagement metrics is necessary to derail the investment thesis and we see no evidence of this. Maintain Buy.”
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of TripAdvisor from $65.00 to $68.00 in a research note to investors on Thursday. They now have a “sector perform” rating on the stock. Separately, analysts at Needham & Company raised their price target on shares of TripAdvisor to $90.00 in a research note to investors on Thursday. Finally, 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. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $71.61.
Shares of TripAdvisor (NASDAQ:TRIP) traded down 5.72% during mid-day trading on Thursday, hitting $70.91. The stock had a trading volume of 3,684,569 shares. TripAdvisor has a 1-year low of $28.63 and a 1-year high of $82.19. The stock has a 50-day moving average of $74.35 and a 200-day moving average of $60.9. The company has a market cap of $10.139 billion and a price-to-earnings ratio of 49.06.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data 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. On average, analysts predict that TripAdvisor will post $1.74 earnings per share for the current fiscal year.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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