Expedia Coverage Initiated at Oppenheimer (EXPE)
Research analysts at Oppenheimer assumed coverage on shares of Expedia (NASDAQ:EXPE) in a report released on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $90.00 price target on the stock. Oppenheimer’s target price indicates a potential upside of 14.27% from the stock’s previous close.
Expedia (NASDAQ:EXPE) traded down 0.24% on Monday, hitting $78.76. 1,284,791 shares of the company’s stock traded hands. Expedia has a one year low of $45.69 and a one year high of $81.78. The stock has a 50-day moving average of $73. and a 200-day moving average of $71.95. The company has a market cap of $10.225 billion and a P/E ratio of 33.78.
Expedia (NASDAQ:EXPE) last announced its earnings results 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. On average, analysts predict that Expedia will post $3.84 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Buckingham Research initiated coverage on shares of Expedia in a research note on Friday. They set a “neutral” rating and a $75.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Expedia from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. They now have a $82.00 price target on the stock. Finally, 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. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Expedia has an average rating of “Hold” and an average target price of $76.24.
Expedia, Inc (NASDAQ:EXPE) is an online travel company.
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