Expedia Rating Reiterated by Zacks (EXPE)
Expedia (NASDAQ:EXPE)‘s stock had its “neutral” rating restated by Zacks in a research note issued on Friday, Analyst RN reports. They currently have a $68.00 price target on the stock. Zacks‘ price target would indicate a potential upside of 4.39% from the company’s current price.
Zacks‘ analyst wrote, “Expedia, Inc., one of the leading online travel companies in the world, exceeded our third quarter bottom-line estimate. The top line numbers were also better than expected, helped by a stronger travel market all over the world, contribution from the VIA and Trivago acquisitions, and strategic expansion in Asia. We continue to believe in management’s growth strategy across markets although we recognize that inventory issues and increasing competition remain concerns. We believe the company’s current growth prospects are reflected in the share price and we are therefore reiterating our Neutral rating on EXPE shares. “
Expedia (NASDAQ:EXPE) traded up 14.69% on Friday, hitting $74.71. 7,631,027 shares of the company’s stock traded hands. Expedia has a one year low of $45.69 and a one year high of $72.19. The stock’s 50-day moving average is $67.70 and its 200-day moving average is $57.43. The company has a market cap of $9.739 billion and a P/E ratio of 63.68. Expedia also was the recipient of unusually large options trading activity on Tuesday. Traders bought 13,091 call options on the company. This represents an increase of 503% compared to the average volume of 2,171 call options.
Expedia (NASDAQ:EXPE) last issued its quarterly 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 last year, the company posted $0.63 earnings per share. Expedia’s revenue was up 18.2% compared to the same quarter last year. Analysts expect that Expedia will post $3.74 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Expedia from $60.00 to $78.00 in a research note to investors on Friday. Separately, analysts at Jefferies Group raised their price target on shares of Expedia from $63.00 to $70.00 in a research note to investors on Friday. Finally, analysts at Cowen and Company raised their price target on shares of Expedia from $73.00 to $80.00 in a research note to investors on Friday. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Expedia currently has a consensus rating of “Hold” and a consensus price target of $72.87.
Expedia, Inc (NASDAQ:EXPE) is an online travel company.
To view Zacks’ full report, visit www.zacks.com
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