Somewhat Positive Press Coverage Somewhat Unlikely to Affect TripAdvisor (TRIP) Share Price
Media coverage about TripAdvisor (NASDAQ:TRIP) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TripAdvisor earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the travel company an impact score of 45.6485784212795 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Liberty TripAdvisor Holdings, I (NASDAQ:LTRPB) Experiences Light Trading Volume (highlightpress.com)
- Fort mcdowell casino tripadvisor – Treasury casino brisbane history (sportsrediscovered.com)
- Can TripAdvisor Inc (TRIP) Move Higher? – Evergreen Caller (evergreencaller.com)
- Running on Empty or is TripAdvisor Inc (TRIP) Refueling? – Evergreen Caller (evergreencaller.com)
- Zacks: Analysts Anticipate TripAdvisor, Inc. (NASDAQ:TRIP) Will Post Quarterly Sales of $424.39 Million (americanbankingnews.com)
Shares of TripAdvisor (NASDAQ TRIP) traded up 4.16% during midday trading on Tuesday, reaching $38.82. The company’s stock had a trading volume of 1,849,097 shares. TripAdvisor has a 52 week low of $35.34 and a 52 week high of $71.69. The stock has a 50-day moving average price of $37.50 and a 200 day moving average price of $43.53. The stock has a market capitalization of $5.48 billion, a PE ratio of 54.60 and a beta of 2.35.
TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Tuesday, May 9th. The travel company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.01. TripAdvisor had a net margin of 6.87% and a return on equity of 8.87%. The company had revenue of $372 million during the quarter, compared to the consensus estimate of $376.67 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts forecast that TripAdvisor will post $1.15 earnings per share for the current year.
TRIP has been the topic of several recent research reports. Cowen and Company upgraded TripAdvisor from an “underperform” rating to a “market perform” rating and set a $35.00 price objective on the stock in a research report on Wednesday, July 19th. Zacks Investment Research downgraded TripAdvisor from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Credit Suisse Group downgraded TripAdvisor from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $40.00 to $34.00 in a research report on Monday, June 19th. ValuEngine downgraded TripAdvisor from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Bank of America Corporation restated an “underperform” rating and issued a $35.00 price objective on shares of TripAdvisor in a research report on Sunday, May 28th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $48.17.
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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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