Tripadvisor Coverage Initiated by Analysts at Stifel Nicolaus (TRIP)
Stock analysts at Stifel Nicolaus started coverage on shares of Tripadvisor (NASDAQ:TRIP) in a report issued on Monday. The firm set a “buy” rating and a $120.00 price target on the stock. Stifel Nicolaus’ price target indicates a potential upside of 17.66% from the company’s current price.
The analysts wrote, “Last week TripAdvisor, Inc. (TRIP) updated its Hotel Listings page that should lead to both a better user experience and better monetization. The company also closed its acquisition of Viator and announced a partnership with Uber, which should expand its local reach and monetization through the year. We are raising our price target to $100 from $88 as a result. In addition, this week Liberty (LINTA-$29.53, Buy) plans to spin-off its 22% economic and 57% voting stake in TRIP into a new company called Liberty TripAdvisor Holdings (TripCo). We view the spin off as a precursor to an eventual combination that enables TRIP to consolidate the voting control in a cash/stock deal. Given a 10-20% premium for the voting shares, we estimate the total dilution could be 2-4% if paid all in shares.”
Several other analysts have also recently commented on the stock. Analysts at Wunderlich raised their price target on shares of Tripadvisor from $88.00 to $100.00 in a research note on Monday. They now have a “hold” rating on the stock. Separately, analysts at Zacks downgraded shares of Tripadvisor from an “outperform” rating to a “neutral” rating in a research note on Friday, August 8th. They now have a $111.20 price target on the stock. Finally, 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. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Tripadvisor has a consensus rating of “Hold” and an average price target of $102.45.
Shares of Tripadvisor (NASDAQ:TRIP) opened at 101.99 on Monday. Tripadvisor has a 1-year low of $68.11 and a 1-year high of $111.24. The stock’s 50-day moving average is $99.58 and its 200-day moving average is $95.53. The company has a market cap of $14.563 billion and a P/E ratio of 67.47. Tripadvisor also saw some unusual options trading on Friday. Investors acquired 8,065 call options on the stock. This represents an increase of 378% compared to the typical volume of 1,688 call options.
Tripadvisor (NASDAQ:TRIP) last released its earnings data 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. Analysts expect that Tripadvisor will post $2.12 EPS for the current fiscal year.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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