Tripadvisor Stock Rating Reaffirmed by FBR Capital Markets (TRIP)
Tripadvisor (NASDAQ:TRIP)‘s stock had its “market perform” rating reaffirmed by research analysts at FBR Capital Markets in a report released on Friday. They currently have a $100.00 price objective on the stock, up from their previous price objective of $85.00. FBR Capital Markets’ target price would suggest a potential upside of 0.63% from the stock’s previous close.
A number of other firms have also recently commented on TRIP. 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. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $103.17.
Tripadvisor (NASDAQ:TRIP) opened at 99.37 on Friday. Tripadvisor has a 52 week low of $68.11 and a 52 week high of $111.24. The stock has a 50-day moving average of $99.51 and a 200-day moving average of $96.21. The company has a market cap of $14.189 billion and a P/E ratio of 70.14.
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.
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.