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.

TRADEMARK VIOLATION NOTICE: “Despegar Com Inc (DESP) Earns Equal Weight Rating from Analysts at Morgan Stanley” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/despegar-com-inc-desp-earns-equal-weight-rating-from-analysts-at-morgan-stanley/1640719.html.

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.

Receive News & Ratings for Despegar Com Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Despegar Com Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.