Expedia Rating Lowered to Underweight at Barclays Capital (EXPE)
Shares of Expedia traded up 2.38% during mid-day trading on Tuesday, hitting $42.63. Expedia has a one year low of $27.28 and a one year high of $65.78. The company has a market cap of $5.418 billion and a P/E ratio of 13.82.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.26 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.16 EPS by $0.10. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts predict that Expedia will post $1.25 earnings per share next quarter.
EXPE has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of Expedia from $38.00 to $45.00 in a research note to investors on Sunday. They now have a “buy” rating on the stock. Separately, analysts at Benchmark Co. raised their price target on shares of Expedia from $33.00 to $40.00 in a research note to investors on Friday, April 27th. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Expedia from $28.00 to $40.00 in a research note to investors on Friday, April 27th. They now have a “hold” rating on the stock.
Expedia, Inc. (Expedia) is an online travel company. As of December 31, 2011, the Company’s portfolio of travel brands featuring supply portfolio, including over 145,000 hotels in 200 countries, 300 airlines, packages, rental cars, cruises, as well as destination services and activities.