Tripadvisor Receives Average Rating of “Buy” from Brokerages (NASDAQ:TRIP)
Shares of Tripadvisor (NASDAQ:TRIP) have received an average recommendation of “Buy” from the twenty-six brokerages that are presently covering the company, ARN reports. Nine equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $102.45.
Tripadvisor (NASDAQ:TRIP) opened at 99.37 on Monday. 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 $99.51 and its 200-day moving average is $96.21. The company has a market cap of $14.189 billion and a P/E ratio of 70.14.
Tripadvisor (NASDAQ:TRIP) last announced its 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. Analysts expect that Tripadvisor will post $2.12 EPS 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.
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