TripAdvisor Downgraded to “Hold” at Wunderlich (TRIP)
TripAdvisor (NASDAQ:TRIP) was downgraded by equities research analysts at Wunderlich from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at UBS AG raised their price target on shares of TripAdvisor from $78.00 to $88.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at TheStreet upgraded shares of TripAdvisor to a “buy” rating in a research note to investors on Wednesday, January 8th. Finally, 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. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $72.79.
TripAdvisor (NASDAQ:TRIP) opened at 84.45 on Tuesday. 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 $83.94 and its 200-day moving average is $76.63. The company has a market cap of $11.997 billion and a price-to-earnings ratio of 57.71.
TripAdvisor (NASDAQ:TRIP) last released its earnings data 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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