Tripadvisor (NASDAQ:TRIP - Get Free Report) had its price target increased by equities researchers at Citigroup from $23.00 to $28.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a "neutral" rating on the travel company's stock. Citigroup's target price suggests a potential upside of 10.24% from the stock's previous close.
A number of other analysts have also weighed in on the stock. Mizuho raised their target price on shares of Tripadvisor from $20.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday, February 16th. Wedbush restated a "neutral" rating and issued a $20.00 target price on shares of Tripadvisor in a research report on Thursday, February 15th. Ascendiant Capital Markets raised their target price on shares of Tripadvisor from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, December 29th. StockNews.com upgraded shares of Tripadvisor from a "hold" rating to a "buy" rating in a research report on Friday, February 23rd. Finally, BMO Capital Markets raised their target price on shares of Tripadvisor from $20.00 to $23.00 and gave the company a "market perform" rating in a research report on Friday, February 16th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Tripadvisor presently has a consensus rating of "Hold" and a consensus price target of $23.53.
Check Out Our Latest Stock Analysis on Tripadvisor
Tripadvisor Price Performance
Shares of Tripadvisor stock traded up $0.19 on Wednesday, reaching $25.40. 1,299,526 shares of the stock were exchanged, compared to its average volume of 2,434,085. The firm's 50 day moving average is $26.73 and its 200-day moving average is $21.47. Tripadvisor has a one year low of $14.15 and a one year high of $28.76. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.27 and a current ratio of 2.27. The firm has a market cap of $3.50 billion, a PE ratio of 423.33, a P/E/G ratio of 1.58 and a beta of 1.57.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.14. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. The company had revenue of $390.00 million during the quarter, compared to the consensus estimate of $372.93 million. As a group, analysts anticipate that Tripadvisor will post 0.89 EPS for the current fiscal year.
Hedge Funds Weigh In On Tripadvisor
Hedge funds have recently bought and sold shares of the company. Dark Forest Capital Management LP raised its stake in Tripadvisor by 1,227.3% during the first quarter. Dark Forest Capital Management LP now owns 1,699 shares of the travel company's stock worth $34,000 after buying an additional 1,571 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Tripadvisor in the third quarter valued at $34,000. International Assets Investment Management LLC increased its stake in Tripadvisor by 2,053.0% in the fourth quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company's stock valued at $46,000 after purchasing an additional 2,053 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Tripadvisor by 52.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company's stock valued at $54,000 after purchasing an additional 861 shares in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in Tripadvisor in the first quarter valued at $83,000. Institutional investors own 98.99% of the company's stock.
About Tripadvisor
(
Get Free Report)
TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.
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