TripAdvisor (NASDAQ: TRIP) PT at Credit Suisse Group increased to USD 40.00

TripAdvisor (NASDAQ: TRIP) The price target was raised from USD 37.00 to USD 40.00 by analysts at the Credit Suisse Group in a research note issued to investors on Monday, Benzinga reports. The brokerage currently rates the travel company’s share as “neutral”. Credit Suisse Group’s price target suggests a potential upside of 7.41% from the share’s previous closing price.

Several other research companies have also recently looked at TRIP. Ascendant Capital Markets raised its price target on TripAdvisor shares from $ 50.00 to $ 54.00 and gave the company a “Buy” rating in a report on Monday, June 14th. They discovered that the move was a call for evaluation. Mizuho raised its price target for TripAdvisor shares from USD 30.00 to USD 36.00 and rated the shares as “neutral” in a report on Monday, May 10th. The Jefferies Financial Group raised its target price for the TripAdvisor share from 24.00 to 29.00 US dollars and rated the share in a report on Tuesday, April 13th, with “underperform”. Finally, Barclays raised its target price on TripAdvisor shares from $ 45.00 to $ 49.00 in a report on Monday, May 10th. Two research analysts have rated the stock with a sell rating, six with a hold rating and six with a buy rating for the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $ 42.44.

TripAdvisor stock opened at $ 37.24 on Monday. The company’s 50-day simple moving average is $ 39.43. TripAdvisor has an annual low of $ 18.24 and an annual high of $ 64.95. The company has a debt ratio of 1.15, a quick ratio of 3.05, and a current ratio of 3.05. The company has a market cap of $ 5.10 billion, a P / E of -14.16, and a beta of 1.38.

(Advertisement)

Peter Thiel, the multi-billion dollar investor behind Facebook, PayPal and eBay, has a new favorite industry in his sights. And he’s betting a massive $ 210 million on his success. This is not pocket money.

TripAdvisor (NASDAQ: TRIP) last published its quarterly results on Thursday, August 5th. The travel company reported earnings per share ($ 0.26) for the quarter, missing the Thomson Reuters consensus estimate of ($ 0.25) by $ 0.01. TripAdvisor had a negative net margin of 78.84% and a negative return on equity of 36.74%. Analysts expect TripAdvisor to post earnings per share of -0.73 for the current year.

In addition, CFO Ernst 02494 Teunissen sold 1,527 TripAdvisor shares in a transaction on Monday, May 17. The shares were sold at an average price of $ 41.00 for a total transaction of $ 62,607.00. Upon completion of the transaction, the CFO now directly owns 2,744 shares in the company valued at $ 112,504. The sale was announced in a filing with the Securities & Exchange Commission, which can be accessed via this link. Also, insider Lindsay Nelson sold 9,000 TripAdvisor shares in a transaction dated Wednesday June 9th. The shares were sold at an average price of $ 43.56 for a total transaction of $ 392,040.00. Following the transaction, the Insider now owns 15,642 shares in the company valued at $ 681,365.52. The disclosure for this sale can be found here. 3.50% of the shares are owned by company insiders.

Institutional investors recently bought and sold shares of the stock. Eaton Vance Management acquired a new stake in TripAdvisor worth approximately $ 34,000 in the first quarter. Gilder Gagnon Howe & Co. LLC bought a new stake in TripAdvisor worth approximately $ 40,000 in the first quarter. MUFG Americas Holdings Corp acquired a new stake in TripAdvisor worth approximately $ 40,000 in the second quarter. Harbor Investments Inc. acquired a new stake in TripAdvisor shares worth $ 48,000 in the first quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in TripAdvisor shares worth $ 56,000 in the first quarter. 75.21% of the shares are currently owned by institutional investors and hedge funds.

Via TripAdvisor

TripAdvisor, Inc. is an online travel company. It operates in two segments, hotels, media and platforms; and experiences & food. The company operates TripAdvisor-branded websites, including tripadvisor.com in the US; and localized versions of the website in 48 markets and 28 languages.

Further reading: Return on Investment (ROI) defined, explained

Analyst recommendations for TripAdvisor (NASDAQ: TRIP)

This instant news alert was generated through narrative science technology and financial data from MarketBeat to provide the fastest, most accurate coverage to readers. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $ 1,000 in TripAdvisor now?

Before you think about TripAdvisor, this is what you should hear.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly whispering to their customers to buy now before the broader market takes hold … and TripAdvisor wasn’t on the list.

While TripAdvisor currently has a “hold” rating among analysts, top analysts think these five stocks are better buys.

Check out the 5 stocks here

About Jennifer Braman

Check Also

Tripadvisor stock is down as the hotel subscription service undergoes an overhaul

Text size TripAdvisor Photo by Andrew Harrer / Bloomberg After being pushed back by major …

Leave a Reply

Your email address will not be published. Required fields are marked *