TripAdvisor Stock Rating Reaffirmed by Deutsche Bank (TRIP)
TripAdvisor (NASDAQ: TRIP)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Wednesday. They currently have a $52.00 price target on the stock, up from their previous price target of $50.00.
Several other analysts have also recently commented on the stock. Analysts at S&P Equity Research upgraded shares of TripAdvisor from a “sell” rating to a “hold” rating in a research note to investors on Friday, February 22nd. Separately, analysts at Zacks downgraded shares of TripAdvisor from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, February 20th. They now have a $41.50 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of TripAdvisor from $36.00 to $40.00 in a research note to investors on Thursday, February 14th. They now have a “neutral” rating on the stock.
Eight equities research analysts have rated the stock with a buy rating, and fifteen have given a hold rating to the company’s stock. The stock has a consensus rating of “overweight” and a consensus price target of $45.06.
TripAdvisor traded up 1.99% on Wednesday, hitting $48.63. TripAdvisor has a 52-week low of $28.63 and a 52-week high of $49.35. The stock’s 50-day moving average is currently $45.22. The company has a market cap of $6.949 billion and a price-to-earnings ratio of 34.80.
TripAdvisor last posted its quarterly earnings results on Wednesday, February 13th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.02. The company had revenue of $169.39 million for the quarter, compared to the consensus estimate of $166.64 million. During the same quarter last year, the company posted $0.16 earnings per share. TripAdvisor’s revenue was up 22.9% compared to the same quarter last year. Analysts expect that TripAdvisor will post $1.75 EPS for the current fiscal year.
TripAdvisor, Inc. (TripAdvisor) is an online travel research company, enabling users to plan and have a trip.