Tripadvisor Inc (TRIP) Receives $37.94 Consensus Target Price from Brokerages
Tripadvisor Inc (NASDAQ:TRIP) has been assigned a consensus recommendation of “Hold” from the twenty-seven analysts that are covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a sell recommendation and twenty have given a hold recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $37.94.
Several brokerages have commented on TRIP. ValuEngine raised Tripadvisor from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Cowen reissued a “hold” rating and set a $42.00 target price on shares of Tripadvisor in a research note on Tuesday, September 12th. Jefferies Group downgraded Tripadvisor from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $50.00 to $30.00 in a research note on Thursday, August 24th. Zacks Investment Research downgraded Tripadvisor from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Tripadvisor in a research note on Wednesday, October 4th.
Shares of Tripadvisor (TRIP) traded up $0.54 during midday trading on Monday, reaching $35.03. The company’s stock had a trading volume of 4,898,689 shares, compared to its average volume of 3,598,124. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.47. The firm has a market capitalization of $4,789.90, a P/E ratio of 49.99, a price-to-earnings-growth ratio of 2.80 and a beta of 2.32. Tripadvisor has a 12-month low of $29.50 and a 12-month high of $53.58.
Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Monday, November 6th. The travel company reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $451.27 million. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. equities research analysts forecast that Tripadvisor will post 0.69 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC boosted its holdings in shares of Tripadvisor by 60.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 791,075 shares of the travel company’s stock worth $32,062,000 after buying an additional 296,586 shares in the last quarter. 683 Capital Management LLC bought a new position in shares of Tripadvisor during the 3rd quarter worth approximately $12,159,000. RWC Asset Management LLP boosted its holdings in shares of Tripadvisor by 17.9% during the 3rd quarter. RWC Asset Management LLP now owns 48,068 shares of the travel company’s stock worth $1,948,000 after buying an additional 7,304 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Tripadvisor by 3.8% during the 3rd quarter. California Public Employees Retirement System now owns 214,521 shares of the travel company’s stock worth $8,695,000 after buying an additional 7,821 shares in the last quarter. Finally, Arbor Wealth Management LLC bought a new position in shares of Tripadvisor during the 3rd quarter worth approximately $713,000. 88.76% of the stock is owned by institutional investors and hedge funds.
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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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