Barclays Capital Lowers Price Target on OpenTable (OPEN)
Investment analysts at Barclays Capital (NYSE: BCS) dropped their target price on shares of OpenTable (NASDAQ: OPEN) from $55.00 to $50.00 in a note issued to investors on Wednesday. The firm currently has an “overweight” rating on the stock.
OpenTable opened at 37.133 on Wednesday. OpenTable has a 1-year low of $31.54 and a 1-year high of $97.83. The company has a market cap of $837.4 million and a price-to-earnings ratio of 42.10.
The company last announced its quarterly results on Tuesday, May 1st. It reported $0.40 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.34 EPS by $0.06. The company’s quarterly revenue was up 16.9% on a year-over-year basis. Analysts expect that OpenTable will post $0.38 EPS next quarter.
Several other analysts have also recently commented on the stock. Analysts at Bank of America (NYSE: BAC) cut their price target on shares of OpenTable from $62.00 to $47.00 in a research note to investors on Wednesday. Separately, analysts at Benchmark Co. cut their price target on shares of OpenTable from $50.00 to $45.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer (NYSE: OPY) cut their price target on shares of OpenTable from $54.00 to $46.00 in a research note to investors on Wednesday. They now have a “perform” rating on the stock.
OpenTable, Inc. (OpenTable) provides solution that forms an online network connecting reservation-taking restaurants and people who dine at those restaurants.