TD Cowen Raises Tripadvisor (NASDAQ:TRIP) Price Target to $20.00

Tripadvisor (NASDAQ:TRIP) had its price target raised by research analysts at TD Cowen from $15.00 to $20.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the travel company’s stock. TD Cowen’s price target would indicate a potential upside of 28.62% from the company’s current price.

A number of other analysts have also recently issued reports on the company. The Goldman Sachs Group decreased their target price on Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, August 8th. UBS Group decreased their target price on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday. Citigroup decreased their target price on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. DA Davidson reduced their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. reduced their price target on Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.60.

Tripadvisor Price Performance

Shares of NASDAQ:TRIP traded down $1.86 during midday trading on Thursday, hitting $15.55. 4,047,057 shares of the stock were exchanged, compared to its average volume of 2,341,662. The stock has a market cap of $2.16 billion, a P/E ratio of 103.67, a PEG ratio of 10.75 and a beta of 1.37. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.04. Tripadvisor has a twelve month low of $12.93 and a twelve month high of $28.76. The company has a 50 day moving average price of $14.74 and a 200-day moving average price of $17.07.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $504.76 million. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The firm’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS. On average, research analysts forecast that Tripadvisor will post 0.38 earnings per share for the current year.

Institutional Investors Weigh In On Tripadvisor

Institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp raised its position in shares of Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after acquiring an additional 846 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Tripadvisor during the 3rd quarter worth $28,000. Quest Partners LLC grew its stake in Tripadvisor by 14,244.4% during the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after buying an additional 2,564 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in Tripadvisor during the 3rd quarter worth $43,000. Finally, Gladius Capital Management LP bought a new position in Tripadvisor during the 2nd quarter worth $79,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.