Despegar.com (NYSE:DESP – Get Rating) had its price target reduced by stock analysts at Cowen from $12.50 to $10.50 in a report issued on Thursday, The Fly reports. Cowen’s price objective points to a potential upside of 38.89% from the company’s current price.
Despegar.com stock opened at $7.56 on Thursday. Despegar.com has a 12 month low of $6.66 and a 12 month high of $14.33. The stock’s 50 day moving average is $9.47 and its 200-day moving average is $10.41. The company has a market capitalization of $538.65 million, a price-to-earnings ratio of -5.01 and a beta of 2.07.
Despegar.com (NYSE:DESP – Get Rating) last posted its earnings results on Thursday, May 19th. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.31). Despegar.com had a negative net margin of 25.08% and a negative return on equity of 1,941.11%. During the same period last year, the company posted ($0.47) earnings per share. Sell-side analysts predict that Despegar.com will post -0.84 EPS for the current year.
About Despegar.com (Get Rating)
Despegar.com, Corp., online travel company, provides a range of travel and travel-related products through its websites and mobile applications in Latin America. The company operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets; travel packages, hotel rooms, car rentals, bus tickets, cruise tickets, travel insurance, destination services, and other travel-related products, which enable consumers to find, compare, plan, and purchase travel products through its marketplace.
- Get a free copy of the StockNews.com research report on Despegar.com (DESP)
- Downturn Gives These 3 Buys Juicy Dividend Yields
- Victoria’s Secret Stock is Out of the Box
- Time For a Ride in Six Flags Stock
- Why Dollar General (NYSE: DG) Should Be In Your Portfolio
- Korn Ferry Is A Good Buy For The Recession And Beyond
Receive News & Ratings for Despegar.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Despegar.com and related companies with MarketBeat.com's FREE daily email newsletter.