Tripadvisor Earns Fairly Valued Rating from Analysts at BMO Capital Markets (TRIP)
Stock analysts at BMO Capital Markets initiated coverage on shares of Tripadvisor (NASDAQ:TRIP) in a report issued on Thursday. The firm set a “fairly valued” rating and a $110.00 price target on the stock. BMO Capital Markets’ price target suggests a potential upside of 11.96% from the company’s current price.
Shares of Tripadvisor (NASDAQ:TRIP) opened at 98.28 on Thursday. 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 $98.98 and a 200-day moving average of $96.55. The company has a market cap of $14.033 billion and a price-to-earnings ratio of 68.53.
Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.55 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.52 earnings per share. Tripadvisor’s revenue was up 30.8% compared to the same quarter last year. Analysts expect that Tripadvisor will post $2.12 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at CRT Capital initiated coverage on shares of Tripadvisor in a research note on Wednesday. They set a “fair value” rating on the stock. Separately, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of Tripadvisor in a research note on Friday, August 29th. They now have a $100.00 price target on the stock, up previously from $85.00. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Tripadvisor in a research note on Monday, August 25th. They set a “buy” rating and a $120.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Tripadvisor presently has an average rating of “Hold” and a consensus price target of $103.48.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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