Expedia PT Raised to $100.00 at BNP Paribas (EXPE)
Investment analysts at BNP Paribas boosted their price target on shares of Expedia (NASDAQ:EXPE) from $91.00 to $100.00 in a note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock. BNP Paribas’ price target would suggest a potential upside of 17.62% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Expedia in a research note on Wednesday. They set a “hold” rating and a $88.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Expedia to a “buy” rating in a research note on Monday, August 4th. Finally, analysts at Cowen and Company raised their price target on shares of Expedia from $80.00 to $90.00 in a research note on Monday, August 4th. They now have an “outperform” rating on the stock. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $86.25.
Expedia (NASDAQ:EXPE) traded down 0.49% during mid-day trading on Thursday, hitting $84.60. The stock had a trading volume of 408,371 shares. Expedia has a one year low of $45.69 and a one year high of $85.96. The stock’s 50-day moving average is $80.8 and its 200-day moving average is $74.99. The company has a market cap of $10.760 billion and a P/E ratio of 34.60.
Expedia (NASDAQ:EXPE) last released its earnings data on Thursday, July 31st. The company reported $1.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.76 by $0.27. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the company posted $0.64 earnings per share. Expedia’s revenue was up 24.0% compared to the same quarter last year. On average, analysts predict that Expedia will post $3.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Monday, August 25th. This is a positive change from Expedia’s previous quarterly dividend of $0.15.
Expedia, Inc (NASDAQ:EXPE), is an online travel company.
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