Tripadvisor Given New $94.00 Price Target at Credit Suisse (TRIP)
Analysts at Credit Suisse hoisted their price objective on shares of Tripadvisor (NASDAQ:TRIP) from $90.00 to $94.00 in a research report issued to clients and investors on Thursday, Stock Ratings Network.com reports. Credit Suisse’s target price indicates a potential upside of 4.13% from the stock’s previous close.
Shares of Tripadvisor (NASDAQ:TRIP) opened at 90.27 on Thursday. 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 price-to-earnings ratio of 55.98. Tripadvisor also was the recipient of unusually large options trading activity on Tuesday. Traders acquired 11,730 put options on the stock. This represents an increase of approximately 775% compared to the typical volume of 1,341 put options.
Tripadvisor (NASDAQ:TRIP) last released its earnings data on Tuesday, February 11th. The company reported $0.21 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. Analysts expect that Tripadvisor will post $2.20 EPS for the current fiscal year.
A number of other firms have also recently commented on TRIP. Analysts at Jefferies Group raised their price target on shares of Tripadvisor from $67.00 to $80.00 in a research note on Thursday. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Tripadvisor to an “outperform” rating in a research note on Thursday. They now have a $73.00 price target on the stock, up previously from $71.00. Finally, analysts at UBS AG cut their price target on shares of Tripadvisor from $88.00 to $86.00 in a research note on Wednesday. They now have a “neutral” rating on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $78.68.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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