Expedia Price Target Increased to $83.00 by Analysts at Benchmark Co. (EXPE)
Investment analysts at Benchmark Co. boosted their price objective on shares of Expedia (NASDAQ:EXPE) from $73.00 to $83.00 in a note issued to investors on Friday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Benchmark Co.’s price target would suggest a potential upside of 11.48% from the stock’s previous close.
EXPE has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Expedia from $69.00 to $80.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Expedia from $70.00 to $85.00 in a research note to investors on Friday, January 17th. They now have an “outperform” rating on the stock. Finally, analysts at Evercore Partners raised their price target on shares of Expedia from $56.00 to $64.00 in a research note to investors on Wednesday, January 15th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $72.87.
Shares of Expedia (NASDAQ:EXPE) traded up 14.29% on Friday, hitting $74.45. 9,103,014 shares of the company’s stock traded hands. Expedia has a 52-week low of $45.69 and a 52-week high of $75.45. The stock has a 50-day moving average of $67.93 and a 200-day moving average of $57.51. The company has a market cap of $9.705 billion and a price-to-earnings ratio of 63.68. Expedia also was the target of unusually large options trading on Tuesday. Stock investors purchased 13,091 call options on the stock. This represents an increase of 503% compared to the typical volume of 2,171 call options.
Expedia (NASDAQ:EXPE) last released its earnings data on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.86 by $0.06. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, analysts predict that Expedia will post $3.74 earnings per share for the current fiscal year.
Expedia, Inc (NASDAQ:EXPE) is an online travel company.
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