TripAdvisor, Inc. (NASDAQ:TRIP) Price Target Cut to $48.00
TripAdvisor, Inc. (NASDAQ:TRIP) had its price target reduced by Barclays PLC from $52.00 to $48.00 in a research note issued on Monday. The brokerage currently has an “equal weight” rating on the travel company’s stock. Barclays PLC’s target price points to a potential upside of 21.49% from the stock’s previous close.
TRIP has been the topic of several other reports. Cowen and Company raised TripAdvisor from an “underperform” rating to a “market perform” rating and set a $35.00 target price on the stock in a research report on Wednesday, July 19th. Stifel Nicolaus reiterated a “hold” rating on shares of TripAdvisor in a research note on Friday, July 28th. Cantor Fitzgerald reiterated a “hold” rating and set a $54.00 price target on shares of TripAdvisor in a research note on Wednesday, May 10th. Credit Suisse Group set a $45.00 price target on TripAdvisor and gave the stock a “hold” rating in a research note on Tuesday, May 9th. Finally, Vetr downgraded TripAdvisor from a “hold” rating to a “sell” rating and set a $41.00 price target for the company. in a research note on Monday, April 24th. Eight analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the stock. TripAdvisor presently has an average rating of “Hold” and an average price target of $47.67.
TripAdvisor (NASDAQ TRIP) traded up 0.18% during trading on Monday, hitting $39.58. The stock had a trading volume of 1,996,428 shares. The company has a market cap of $5.59 billion, a P/E ratio of 55.67 and a beta of 2.36. The company has a 50 day moving average of $37.65 and a 200-day moving average of $42.97. TripAdvisor has a 12-month low of $35.34 and a 12-month high of $70.37.
TripAdvisor (NASDAQ:TRIP) last issued its earnings results 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 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 analyst estimates of $376.67 million. During the same period in the previous year, the company earned $0.33 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts predict that TripAdvisor will post $1.14 EPS for the current year.
WARNING: “TripAdvisor, Inc. (NASDAQ:TRIP) Price Target Cut to $48.00” was posted by Daily Political and is the property of of Daily Political. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/08/07/tripadvisor-inc-nasdaqtrip-price-target-cut-to-48-00.html.
Institutional investors have recently bought and sold shares of the stock. Candriam Luxembourg S.C.A. boosted its position in TripAdvisor by 62.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 7,314 shares of the travel company’s stock valued at $316,000 after buying an additional 2,821 shares during the period. Retirement Systems of Alabama boosted its position in TripAdvisor by 14.5% in the first quarter. Retirement Systems of Alabama now owns 165,348 shares of the travel company’s stock valued at $7,136,000 after buying an additional 20,959 shares during the period. Nisa Investment Advisors LLC boosted its position in TripAdvisor by 32.3% in the first quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the travel company’s stock valued at $965,000 after buying an additional 5,455 shares during the period. DnB Asset Management AS purchased a new position in TripAdvisor during the first quarter valued at approximately $15,645,000. Finally, CWM LLC boosted its position in TripAdvisor by 35.1% in the first quarter. CWM LLC now owns 50,766 shares of the travel company’s stock valued at $2,191,000 after buying an additional 13,194 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.
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.