Tripadvisor PT Lowered to $103.00 (TRIP)
Equities research analysts at Nomura cut their target price on shares of Tripadvisor (NASDAQ:TRIP) from $107.00 to $103.00 in a research note issued to investors on Wednesday, Stock Ratings News reports. Nomura’s price objective indicates a potential upside of 19.64% from the stock’s previous close.
Shares of Tripadvisor (NASDAQ:TRIP) opened at 86.09 on Wednesday. Tripadvisor has a 52 week low of $57.91 and a 52 week high of $109.79. The stock has a 50-day moving average of $85.50 and a 200-day moving average of $87.53. The company has a market cap of $12.281 billion and a P/E ratio of 61.69.
Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, May 6th. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.55 by $0.01. The company had revenue of $281.00 million for the quarter, compared to the consensus estimate of $282.94 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 22.7% on a year-over-year basis. On average, analysts predict that Tripadvisor will post $2.19 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TRIP. Analysts at Canaccord Genuity initiated coverage on shares of Tripadvisor in a research note on Monday. Separately, analysts at Janney Montgomery Scott raised their price target on shares of Tripadvisor from $70.00 to $71.00 in a research note on Monday. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Tripadvisor in a research note on Wednesday, May 7th. They now have a $83.00 price target on the stock, up previously from $73.00. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $93.78.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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