TripAdvisor, Inc. (TRIP) Receives Consensus Rating of “Hold” from Brokerages
TripAdvisor, Inc. (NASDAQ:TRIP) has received an average rating of “Hold” from the twenty-five brokerages that are covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $47.81.
A number of equities analysts recently weighed in on the stock. Credit Suisse Group lowered shares of TripAdvisor from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $40.00 to $34.00 in a report on Monday. ValuEngine lowered shares of TripAdvisor from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Bank of America Corporation reiterated an “underperform” rating and set a $35.00 target price on shares of TripAdvisor in a research note on Sunday, May 28th. Macquarie lowered shares of TripAdvisor from a “neutral” rating to an “underperform” rating in a research note on Friday, May 26th. Finally, Zacks Investment Research upgraded shares of TripAdvisor from a “sell” rating to a “hold” rating in a research note on Monday, May 15th.
TRADEMARK VIOLATION WARNING: This story was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/06/19/tripadvisor-inc-trip-receives-consensus-rating-of-hold-from-brokerages.html.
Hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new position in shares of TripAdvisor during the first quarter valued at $113,000. Mn Services Vermogensbeheer B.V. increased its position in shares of TripAdvisor by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,213 shares of the travel company’s stock valued at $130,000 after buying an additional 201 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of TripAdvisor by 4.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,967 shares of the travel company’s stock valued at $171,000 after buying an additional 160 shares in the last quarter. Sphera Funds Management LTD. purchased a new position in shares of TripAdvisor during the first quarter valued at $173,000. Finally, Nordea Investment Management AB increased its position in shares of TripAdvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock valued at $198,000 after buying an additional 157 shares in the last quarter. 89.98% of the stock is owned by institutional investors.
TripAdvisor (NASDAQ TRIP) traded down 4.77% during trading on Monday, hitting $36.10. The stock had a trading volume of 3,856,158 shares. TripAdvisor has a 1-year low of $35.96 and a 1-year high of $71.69. The company has a market capitalization of $5.10 billion, a P/E ratio of 50.77 and a beta of 2.33. The stock’s 50-day moving average price is $42.07 and its 200-day moving average price is $45.44.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Tuesday, May 9th. The travel company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. TripAdvisor had a return on equity of 8.87% and a net margin of 6.87%. The firm had revenue of $372 million during the quarter, compared to analysts’ expectations of $376.67 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. TripAdvisor’s revenue was up 5.7% on a year-over-year basis. Analysts expect that TripAdvisor will post $1.15 earnings per share for the current year.
TripAdvisor Company Profile
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
Receive News & Ratings for TripAdvisor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TripAdvisor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.