TripAdvisor Upgraded by RBC Capital to “Outperform” (TRIP)
TripAdvisor (NASDAQ:TRIP) was upgraded by stock analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $95.00 price target on the stock, up from their previous price target of $68.00. RBC Capital’s price target would indicate a potential upside of 5.24% from the company’s current price.
TripAdvisor (NASDAQ:TRIP) traded up 7.21% on Wednesday, hitting $90.27. The stock had a trading volume of 9,557,482 shares. TripAdvisor has a 52 week low of $42.04 and a 52 week high of $93.13. The stock has a 50-day moving average of $81.65 and a 200-day moving average of $79.34. The company has a market cap of $12.824 billion and a P/E ratio of 55.98. TripAdvisor also saw unusually large options trading on Tuesday. Stock investors purchased 11,730 put options on the company. This represents an increase of approximately 775% compared to the typical volume of 1,341 put options.
TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, February 11th. The company reported $0.21 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.21. The company had revenue of $212.70 million for the quarter, compared to the consensus estimate of $205.80 million. During the same quarter last year, the company posted $0.29 earnings per share. TripAdvisor’s revenue was up 25.6% compared to the same quarter last year. Analysts expect that TripAdvisor will post $2.20 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of TripAdvisor from $95.00 to $92.00 in a research note on Monday, February 3rd. They now have a “buy” rating on the stock. Separately, analysts at Nomura initiated coverage on shares of TripAdvisor in a research note on Wednesday, January 15th. They set a “buy” rating and a $100.00 price target on the stock. Finally, analysts at Wunderlich downgraded shares of TripAdvisor from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. They now have a $60.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $77.04.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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