TripAdvisor’s (NASDAQ:TRIP) Hold Rating Reiterated at Royal Bank Of Canada
TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “hold” rating restated by research analysts at Royal Bank Of Canada in a report issued on Monday. They presently have a $47.00 price objective on the travel company’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 18.81% from the stock’s current price.
A number of other brokerages also recently issued reports on TRIP. Zacks Investment Research raised TripAdvisor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Vetr cut TripAdvisor from a “buy” rating to a “hold” rating and set a $42.29 target price for the company. in a report on Monday, April 17th. Credit Suisse Group cut TripAdvisor from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $40.00 to $34.00 in a report on Monday, June 19th. Barclays PLC lowered their target price on TripAdvisor from $52.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Jefferies Group LLC restated a “hold” rating and set a $54.00 target price on shares of TripAdvisor in a report on Monday, April 24th. Eight equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company. TripAdvisor has a consensus rating of “Hold” and a consensus target price of $47.61.
Shares of TripAdvisor (TRIP) traded up 0.13% on Monday, hitting $39.56. 4,572,142 shares of the stock were exchanged. The company has a 50-day moving average price of $37.65 and a 200 day moving average price of $42.97. TripAdvisor has a 12 month low of $35.34 and a 12 month high of $70.37. The company has a market cap of $5.59 billion, a PE ratio of 55.64 and a beta of 2.36.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Tuesday, May 9th. The travel company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $372 million for the quarter, compared to analyst estimates of $376.67 million. TripAdvisor had a return on equity of 8.87% and a net margin of 6.87%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 earnings per share. Equities analysts forecast that TripAdvisor will post $1.14 EPS for the current fiscal year.
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A number of large investors have recently bought and sold shares of the company. Penserra Capital Management LLC boosted its stake in TripAdvisor by 399.3% in the second quarter. Penserra Capital Management LLC now owns 40,397 shares of the travel company’s stock valued at $1,543,000 after buying an additional 32,306 shares during the last quarter. Cutter & CO Brokerage Inc. boosted its stake in TripAdvisor by 0.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock valued at $249,000 after buying an additional 30 shares during the last quarter. Aviva PLC boosted its stake in TripAdvisor by 1.8% in the second quarter. Aviva PLC now owns 65,673 shares of the travel company’s stock valued at $2,509,000 after buying an additional 1,150 shares during the last quarter. Victory Capital Management Inc. boosted its stake in TripAdvisor by 18.2% in the second quarter. Victory Capital Management Inc. now owns 22,826 shares of the travel company’s stock valued at $872,000 after buying an additional 3,522 shares during the last quarter. Finally, Twin Capital Management Inc. acquired a new stake in TripAdvisor during the second quarter valued at $598,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.
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.
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