Tripadvisor Now Covered by Analysts at ISI Group (TRIP)
Analysts at ISI Group began coverage on shares of Tripadvisor (NASDAQ:TRIP) in a research report issued to clients and investors on Friday. The firm set a “neutral” rating and a $105.00 price target on the stock. ISI Group’s price objective would indicate a potential upside of 1.91% from the stock’s previous close.
A number of other firms have also recently commented on TRIP. Analysts at SunTrust initiated coverage on shares of Tripadvisor in a research note on Friday. They set a “neutral” rating and a $105.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Tripadvisor from $83.00 to $100.00 in a research note on Friday. Finally, analysts at Pacific Crest upgraded shares of Tripadvisor from a “sector perform” rating to an “outperform” rating in a research note on Monday. They now have a $116.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $96.56.
Shares of Tripadvisor (NASDAQ:TRIP) opened at 103.03 on Friday. Tripadvisor has a one year low of $58.74 and a one year high of $109.79. The stock has a 50-day moving average of $87.61 and a 200-day moving average of $88.41. The company has a market cap of $14.698 billion and a P/E ratio of 71.01.
Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, May 6th. The company reported $0.54 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.50 earnings per share. Tripadvisor’s revenue was up 22.7% compared to the same quarter last year. On average, analysts predict that Tripadvisor will post $2.19 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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