Piper Jaffray Reaffirms Overweight Rating on Expedia (EXPE)

By admin | 6 years ago

Expedia (NASDAQ: EXPE)‘s stock had its “overweight” rating reiterated by equities research analysts at Piper Jaffray (NYSE: PJC) in a research note issued to investors on Wednesday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital (NYSE: BCS) downgraded shares of Expedia from an “equal weight” rating to an “underweight” rating in a research note to investors on Tuesday, May 1st. Separately, 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, April 29th. They now have a “buy” rating on the stock. Finally, 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.

Expedia opened at 45.61 on Wednesday. Expedia has a 1-year low of $27.28 and a 1-year high of $65.78. The company has a market cap of $5.796 billion and a price-to-earnings ratio of 15.14.

Expedia last released its earnings data on Thursday, April 26th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.10. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts expect that Expedia will post $1.25 EPS next quarter.

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.

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