Expedia Stock Rating Upgraded by Susquehanna (EXPE)
Expedia (NASDAQ:EXPE) was upgraded by equities researchers at Susquehanna from a “neutral” rating to a “positive” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $90.00 target price on the stock, up from their previous target price of $79.00. Susquehanna’s price target indicates a potential upside of 20.68% from the company’s current price.
Expedia (NASDAQ:EXPE) traded up 3.29% during mid-day trading on Tuesday, hitting $77.03. The stock had a trading volume of 950,396 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 $72.0 and a 200-day moving average of $71.10. The company has a market cap of $10.001 billion and a P/E ratio of 31.91. Expedia also was the target of a significant increase in short interest in May. As of May 30th, there was short interest totalling 10,495,038 shares, an increase of 15.5% from the May 15th total of 9,085,664 shares. Approximately 10.4% of the company’s stock are sold short. Based on an average daily volume of 1,494,698 shares, the days-to-cover ratio is currently 7.0 days.
Expedia (NASDAQ:EXPE) last announced its earnings results 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. On average, analysts predict that Expedia will post $3.84 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 19th. Investors of record on Friday, May 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Wednesday, May 28th.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas initiated coverage on shares of Expedia in a research note on Wednesday, June 11th. They set an “outperform” rating and a $91.00 price target on the stock. Separately, analysts at Cantor Fitzgerald reiterated a “positive” rating on shares of Expedia in a research note on Friday, May 23rd. Finally, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Expedia in a research note on Monday, May 12th. They now have a $74.00 price target on the stock, up previously from $69.00. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $75.90.
Expedia, Inc (NASDAQ:EXPE) is an online travel company.
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