Expedia Coverage Initiated by Analysts at Buckingham Research (EXPE)
Stock analysts at Buckingham Research initiated coverage on shares of Expedia (NASDAQ:EXPE) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $75.00 price target on the stock. Buckingham Research’s target price suggests a potential downside of 2.61% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Expedia from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $82.00 price target on the stock. Separately, analysts at Susquehanna upgraded shares of Expedia from a “neutral” rating to a “positive” rating in a research note on Tuesday, June 17th. They now have a $90.00 price target on the stock, up previously from $79.00. Finally, 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. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $75.43.
Expedia (NASDAQ:EXPE) traded up 0.87% during mid-day trading on Friday, hitting $77.68. 75,488 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 has a 50-day moving average of $73.55 and a 200-day moving average of $71.8. The company has a market cap of $10.085 billion and a price-to-earnings ratio of 32.95.
Expedia (NASDAQ:EXPE) last released its earnings data on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.25 earnings per share. Expedia’s revenue was up 18.6% compared to the same quarter last year. Analysts expect that Expedia will post $3.84 EPS for the current fiscal year.
Expedia, Inc (NASDAQ:EXPE) is an online travel company.
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