Tripadvisor Lowered to “Neutral” at Zacks (TRIP)
Tripadvisor (NASDAQ:TRIP) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Friday. They currently have a $111.20 price objective on the stock. Zacks‘s price target would indicate a potential upside of 16.70% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie reiterated an “outperform” rating on shares of Tripadvisor in a research note on Thursday, July 24th. They now have a $117.00 price target on the stock, down previously from $120.00. Separately, analysts at Credit Suisse cut their price target on shares of Tripadvisor from $125.00 to $120.00 in a research note on Thursday, July 24th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Tripadvisor from $100.00 to $104.00 in a research note on Thursday, July 24th. They now have an “outperform” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $100.69.
Shares of Tripadvisor (NASDAQ:TRIP) traded up 0.89% during mid-day trading on Friday, hitting $95.29. The stock had a trading volume of 875,885 shares. Tripadvisor has a one year low of $68.11 and a one year high of $111.24. The stock’s 50-day moving average is $102. and its 200-day moving average is $94.19. The company has a market cap of $13.606 billion and a P/E ratio of 65.09.
Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.06. The company had revenue of $323.00 million for the quarter, compared to the consensus estimate of $321.70 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. On average, analysts predict that Tripadvisor will post $2.12 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.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.