TripAdvisor Stock Rating Upgraded by TheStreet (TRIP)
TripAdvisor (NASDAQ:TRIP) was upgraded by analysts at TheStreet to a “buy” rating in a research report issued to clients and investors on Wednesday, American Banking & Market News reports.
A number of other analysts have also recently weighed in on TRIP. Analysts at Janney Montgomery Scott initiated coverage on shares of TripAdvisor in a research note to investors on Monday, December 16th. They set a “sell” rating and a $63.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of TripAdvisor from $70.00 to $85.00 in a research note to investors on Thursday, November 14th. Finally, analysts at Cantor Fitzgerald initiated coverage on shares of TripAdvisor in a research note to investors on Thursday, November 7th. They set a “hold” rating and a $88.00 price target on the stock. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company. TripAdvisor currently has an average rating of “Hold” and an average target price of $72.40.
TripAdvisor (NASDAQ:TRIP) traded up 0.28% during mid-day trading on Wednesday, hitting $85.15. The stock had a trading volume of 1,455,402 shares. TripAdvisor has a 1-year low of $42.04 and a 1-year high of $90.43. The stock’s 50-day moving average is $84.11 and its 200-day moving average is $75.99. The company has a market cap of $12.097 billion and a price-to-earnings ratio of 56.46.
TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, October 23rd. The company reported $0.45 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.46 earnings per share. TripAdvisor’s revenue was up 19.9% compared to the same quarter last year. On average, analysts predict that TripAdvisor will post $1.68 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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