OpenTable Given New $79.00 Price Target at RBC Capital (OPEN)
Analysts at RBC Capital decreased their price objective on shares of OpenTable (NASDAQ:OPEN) from $80.00 to $79.00 in a research report issued to clients and investors on Friday, Analyst Ratings News reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target would suggest a potential upside of 4.40% from the company’s current price.
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 52-week low of $50.92 and a 52-week high of $87.48. The stock has a 50-day moving average of $78.77 and a 200-day moving average of $75.. The company has a market cap of $1.761 billion and a P/E ratio of 58.50. OpenTable also was the target of unusually large options trading activity on Thursday. Traders purchased 5,584 put options on the stock. This represents an increase of approximately 767% compared to the average volume of 644 put options.
OpenTable (NASDAQ:OPEN) last announced its earnings results 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. Analysts expect that OpenTable will post $2.21 EPS for the current fiscal year.
OPEN has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of OpenTable from $77.00 to $73.00 in a research note to investors on Friday. Separately, 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. Finally, 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. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. OpenTable presently has a consensus rating of “Hold” and an average target price of $75.83.
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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