Expedia Rating Reiterated by Zacks (EXPE)
Expedia (NASDAQ:EXPE)‘s stock had its “outperform” rating restated by Zacks in a research note issued on Friday, AnalystRatings.Net reports. They currently have a $89.00 price objective on the stock. Zacks‘s target price points to a potential upside of 20.48% from the company’s current price.
Zacks’ analyst wrote, “Expedia, Inc., one of the leading online travel companies in the world, reported in-line first quarter results. Order growth remained strong in the quarter, helped by a stronger travel market all over the world, contribution from the VIA and Trivago acquisitions, as well as the strategic expansion in Asia. Although we recognize that lower ADRs in emerging markets and increasing competition remain concerns, we continue to believe in management’s growth strategy across markets. Also, the agency business looks good, which is no doubt benefiting from the ETP initiative. We reiterate our Outperform rating on the shares. “
Expedia (NASDAQ:EXPE) traded down 3.68% during mid-day trading on Friday, hitting $71.15. The stock had a trading volume of 6,378,799 shares. Expedia has a 1-year low of $45.69 and a 1-year high of $81.78. The stock has a 50-day moving average of $72.29 and a 200-day moving average of $67.48. The company has a market cap of $9.211 billion and a P/E ratio of 44.23. Expedia also was the target of unusually large options trading activity on Wednesday. Stock traders bought 11,881 call options on the stock. This represents an increase of 205% compared to the typical daily volume of 3,890 call options.
Expedia (NASDAQ:EXPE) last released its earnings data on Thursday, May 1st. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. Analysts expect that Expedia will post $3.77 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on EXPE. Analysts at TheStreet downgraded shares of Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday, April 23rd. Separately, analysts at FBR Capital Markets raised their EPS on shares of Expedia in a research note on Tuesday, April 15th. Finally, analysts at S&P Equity Research upgraded shares of Expedia to a “buy” rating in a research note on Thursday, April 3rd. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Expedia has a consensus rating of “Hold” and a consensus target price of $73.69.
Expedia, Inc (NASDAQ:EXPE) is an online travel company.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.