Nomura Reaffirms Neutral Rating on TripAdvisor (TRIP)
TRIP has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. (NYSE: WFC) reiterated a “market perform” rating on shares of TripAdvisor in a research note to investors on Wednesday. Separately, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of TripAdvisor from $30.00 to $38.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Finally, analysts at Bank of America (NYSE: BAC) upgraded shares of TripAdvisor from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $53.00 price target on the stock, up previously from $38.00.
TripAdvisor traded down 2.02% on Wednesday, hitting $41.77. TripAdvisor has a 52-week low of $23.99 and a 52-week high of $44.46. The company has a market cap of $5.597 billion and a price-to-earnings ratio of 32.30.
The company last announced its quarterly results on Tuesday, May 1st. It reported $0.35 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.30 EPS by $0.05. The company’s quarterly revenue was up 92.8% on a year-over-year basis. Analysts expect that TripAdvisor will post $0.41 EPS next quarter.
TripAdvisor, Inc. (TripAdvisor) is an online travel research company, enabling users to plan and have a trip.