JPMorgan Chase & Co. Lowers OpenTable Price Target to $73.00 (OPEN)
Analysts at JPMorgan Chase & Co. reduced their price objective on shares of OpenTable (NASDAQ:OPEN) from $77.00 to $73.00 in a research report issued to clients and investors on Friday, Stock Ratings Network reports. JPMorgan Chase & Co.’s price target points to a potential downside of 3.53% from the company’s current price.
A number of other firms have also recently commented on OPEN. Analysts at Zacks upgraded shares of OpenTable from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $88.90 price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of OpenTable from a “sell” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $74.00 price target on the stock, up previously from $68.00. Finally, analysts at Telsey Advisory Group raised their price target on shares of OpenTable from $80.00 to $91.00 in a research note to investors on Monday, January 6th. They now have a “not rated” rating on the stock. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $75.83.
Shares of OpenTable (NASDAQ:OPEN) traded up 0.34% on Friday, hitting $75.67. The stock had a trading volume of 2,442,821 shares. OpenTable has a 1-year low of $49.27 and a 1-year high of $87.48. The stock’s 50-day moving average is $78.85 and its 200-day moving average is $74.99. The company has a market cap of $1.761 billion and a P/E ratio of 58.50. OpenTable also was the target of some unusual options trading on Thursday. Stock investors acquired 5,584 put options on the stock. This represents an increase of 767% compared to the average volume of 644 put options.
OpenTable (NASDAQ:OPEN) last released its earnings data on Thursday, February 6th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.17. The company had revenue of $52.30 million for the quarter, compared to the consensus estimate of $46.05 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 21.9% on a year-over-year basis. On average, analysts predict that OpenTable will post $2.21 earnings per share for the current fiscal year.
OpenTable, Inc (NASDAQ:OPEN) provides solution that forms an online network connecting reservation-taking restaurants and people who dine at those restaurants.
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