Expedia Stock Rating Reaffirmed by Janney Montgomery Scott (EXPE)
Expedia (NASDAQ:EXPE)‘s stock had its “fair value” rating reaffirmed by investment analysts at Janney Montgomery Scott in a note issued to investors on Monday, AnalystRatingsNetwork reports. They currently have a $74.00 price objective on the stock, up from their previous price objective of $69.00. Janney Montgomery Scott’s price target indicates a potential upside of 7.79% from the stock’s previous close.
Shares of Expedia (NASDAQ:EXPE) traded up 3.13% during mid-day trading on Monday, hitting $70.80. 2,479,225 shares of the company’s stock traded hands. Expedia has a 52 week low of $45.69 and a 52 week high of $81.78. The stock’s 50-day moving average is $71.39 and its 200-day moving average is $68.26. The company has a market cap of $9.192 billion and a price-to-earnings ratio of 29.38.
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 $3.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 19th. Stockholders of record on Friday, May 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, May 28th.
EXPE has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Expedia from $72.00 to $80.00 in a research note on Friday, May 2nd. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Expedia in a research note on Friday, May 2nd. They now have a $89.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Expedia has a consensus rating of “Hold” and an average target price of $74.52.
Expedia, Inc (NASDAQ:EXPE) is an online travel company.
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