Capstone Upgrades TripAdvisor to Hold (TRIP)

By admin | 6 years ago

TripAdvisor (NASDAQ: TRIP) was upgraded by equities research analysts at Capstone from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other analysts have also recently weighed in on TRIP. Analysts at Benchmark Co. raised their price target on shares of TripAdvisor from $31.00 to $39.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Capstone Investments upgraded shares of TripAdvisor from a “sell” rating to a “hold” rating in a research note to investors on Wednesday. Finally, analysts at Wells Fargo & Co. (NYSE: WFC) initiated coverage on shares of TripAdvisor in a research note to investors on Wednesday, April 18th. They set a “market perform” rating on the stock.

TripAdvisor traded down 4.53% on Wednesday, hitting $40.70. TripAdvisor has a 52-week low of $23.99 and a 52-week high of $44.46. The company has a market cap of $5.453 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. On average, analysts predict that TripAdvisor will post $0.41 earnings per share next quarter.

TripAdvisor, Inc. (TripAdvisor) is an online travel research company, enabling users to plan and have a trip.

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