Tripadvisor Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:TRIP)
Shares of Tripadvisor (NASDAQ:TRIP) have earned an average rating of “Buy” from the twenty-six brokerages that are currently covering the company, AnalystRatings.Net reports. Nine investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $102.45.
Shares of Tripadvisor (NASDAQ:TRIP) traded up 1.15% on Monday, hitting $103.16. 397,680 shares of the company’s stock traded hands. 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 $14.730 billion and a price-to-earnings ratio of 70.29. Tripadvisor also saw unusually large options trading on Friday. Traders purchased 8,065 call options on the stock. This represents an increase of 378% compared to the average volume of 1,688 call options.
Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue 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.
A number of analysts have recently weighed in on TRIP shares. Analysts at Stifel Nicolaus initiated coverage on shares of Tripadvisor in a research note on Monday. They set a “buy” rating and a $120.00 price target on the stock. Separately, 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 “buy” rating on the stock.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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.