Jefferson Research Upgrades TripAdvisor to “Hold” (TRIP)
TripAdvisor (NASDAQ:TRIP) was upgraded by equities researchers at Jefferson Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, AnalystRatings.NET reports.
Shares of TripAdvisor (NASDAQ:TRIP) traded up 1.76% during mid-day trading on Tuesday, hitting $79.16. 663,870 shares of the company’s stock traded hands. TripAdvisor has a one year low of $28.63 and a one year 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 $11.246 billion and a P/E ratio of 51.72.
TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters 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. On average, analysts predict that TripAdvisor will post $1.70 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TRIP. Analysts at Jefferies Group raised their price target on shares of TripAdvisor from $60.00 to $67.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, 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, October 24th. They now have an “underweight” rating on the stock. Finally, 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, October 24th. They now have a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $71.22.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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