TripAdvisor Price Target Increased to $67.00 by Analysts at Jefferies Group (TRIP)
Research analysts at Jefferies Group boosted their price objective on shares of TripAdvisor (NASDAQ:TRIP) from $60.00 to $67.00 in a report released on Friday, Stock Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price would suggest a potential downside of 12.96% from the stock’s previous close.
A number of other firms have also recently commented on TRIP. Analysts at Evercore Partners 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 an “underweight” rating on the stock. Separately, 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. Finally, analysts at Deutsche Bank reiterated an “in-line” rating on shares of TripAdvisor in a research note to investors on Thursday. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $71.22.
TripAdvisor (NASDAQ:TRIP) traded up 2.85% on Friday, hitting $76.98. The stock had a trading volume of 3,246,385 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 $11.007 billion and a price-to-earnings ratio of 48.83.
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.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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