Expedia Price Target Raised to $72.00 at JPMorgan Chase & Co. (EXPE)
Investment analysts at JPMorgan Chase & Co. boosted their price target on shares of Expedia (NASDAQ:EXPE) from $59.00 to $72.00 in a note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 3.29% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Benchmark Co. raised their price target on shares of Expedia from $73.00 to $83.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $72.87.
Expedia (NASDAQ:EXPE) traded up 14.29% during mid-day trading on Friday, hitting $74.45. The stock had a trading volume of 9,103,014 shares. Expedia has a one year low of $45.69 and a one year high of $75.45. The stock’s 50-day moving average is $67.93 and its 200-day moving average is $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 some unusual options trading on Tuesday. Traders purchased 13,091 call options on the stock. This is an increase of 503% compared to the average volume of 2,171 call options.
Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Analysts expect that Expedia will post $3.17 EPS for the current fiscal year.
Expedia, Inc (NASDAQ:EXPE) is an online travel company.
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