Tripadvisor Price Target Increased to $80.00 by Analysts at Cowen and Company (TRIP)
Equities research analysts at Cowen and Company hoisted their target price on shares of Tripadvisor (NASDAQ:TRIP) from $67.00 to $80.00 in a research note issued to investors on Thursday, Stock Ratings News reports. Cowen and Company’s target price suggests a potential downside of 11.38% from the stock’s previous close.
A number of other firms have also recently commented on TRIP. Analysts at Susquehanna raised their price target on shares of Tripadvisor from $62.00 to $67.00 in a research note on Thursday. Separately, analysts at Credit Suisse raised their price target on shares of Tripadvisor from $90.00 to $94.00 in a research note on Thursday. Finally, analysts at Jefferies Group raised their price target on shares of Tripadvisor from $67.00 to $80.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $78.68.
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 target of some unusual options trading activity on Tuesday. Investors acquired 11,730 put options on the company. This is an increase of approximately 775% compared to the average daily volume of 1,341 put options.
Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, analysts predict that Tripadvisor will post $2.20 earnings per share for the current fiscal year.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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