Despegar Com Inc (DESP) Earns Equal Weight Rating from Analysts at Morgan Stanley
Morgan Stanley initiated coverage on shares of Despegar Com Inc (NASDAQ:DESP) in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $31.00 price target on the stock.
Several other brokerages have also weighed in on DESP. KeyCorp assumed coverage on Despegar Com in a report on Monday. They issued an overweight rating and a $40.00 price objective for the company. UBS AG assumed coverage on Despegar Com in a report on Monday. They issued a neutral rating and a $36.00 price objective for the company. Finally, Guggenheim assumed coverage on Despegar Com in a report on Thursday, September 28th. They issued a buy rating and a $38.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Despegar Com currently has an average rating of Hold and an average price target of $35.80.
Shares of Despegar Com (DESP) opened at 32.28 on Monday. The company’s market cap is $2.17 billion. Despegar Com has a 12 month low of $27.91 and a 12 month high of $34.70. The stock has a 50 day moving average of $32.41 and a 200-day moving average of $32.41.
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Despegar Com Company Profile
Despegar.com Corp is an Argentina-based travel agency. The Company’s activities are divided into two business segments: Air, as well as Packages, Hotels and Other Travel Products. The Air division focuses on the sale of airline tickets. The Packages, Hotels and Other Travel Products division includes sales of travel packages with or without airline tickets and hotel rooms, as well as stand-alone sales of hotel rooms, including vacation rentals, car rentals, bus tickets, cruise tickets, travel insurance and destination services.
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