Tripadvisor PT Raised to $67.00 at Susquehanna (TRIP)
Equities research analysts at Susquehanna raised their target price on shares of Tripadvisor (NASDAQ:TRIP) from $62.00 to $67.00 in a research note issued to investors on Thursday, Stock Ratings Network reports. Susquehanna’s price objective points to a potential downside of 25.78% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Tripadvisor from $90.00 to $94.00 in a research note on Thursday. Separately, analysts at Jefferies Group raised their price target on shares of Tripadvisor from $67.00 to $80.00 in a research note on Thursday. Finally, 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. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $78.68.
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’s 50-day moving average is $81.65 and its 200-day moving average is $79.34. The company has a market cap of $12.824 billion and a P/E ratio of 55.98. Tripadvisor also was the target of some unusual options trading on Tuesday. Investors acquired 11,730 put options on the company. This is an increase of 775% compared to the average volume of 1,341 put options.
Tripadvisor (NASDAQ:TRIP) last issued its quarterly 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. 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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