TripAdvisor, Inc. (TRIP) Given New $34.00 Price Target at Royal Bank Of Canada

TripAdvisor, Inc. (NASDAQ:TRIP) had its price target cut by Royal Bank Of Canada from $38.00 to $34.00 in a research report released on Monday, Marketbeat Ratings reports. They currently have a sector perform rating on the travel company’s stock.

A number of other research firms also recently commented on TRIP. Bank of America Corporation restated an underperform rating and issued a $30.00 price objective (down from $35.00) on shares of TripAdvisor in a report on Wednesday, August 9th. UBS AG reiterated a neutral rating and issued a $43.00 target price (down previously from $50.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Susquehanna Bancshares Inc restated a neutral rating and set a $32.00 price objective (down previously from $40.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Stifel Nicolaus reaffirmed a hold rating and set a $40.00 target price (down previously from $45.00) on shares of TripAdvisor in a research note on Thursday, August 10th. Finally, Piper Jaffray Companies cut their target price on TripAdvisor to $43.00 and set a neutral rating on the stock in a research note on Wednesday, August 9th. Nine equities research analysts have rated the stock with a sell rating and nineteen have given a hold rating to the company’s stock. TripAdvisor has an average rating of Hold and an average target price of $40.05.

Shares of TripAdvisor (TRIP) traded down $0.20 during midday trading on Monday, reaching $30.33. The company’s stock had a trading volume of 4,527,500 shares, compared to its average volume of 3,106,432. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.47. TripAdvisor has a one year low of $29.50 and a one year high of $53.58. The stock has a market capitalization of $4,239.95, a PE ratio of 44.25, a P/E/G ratio of 2.27 and a beta of 2.33.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Monday, November 6th. The travel company reported $0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.36. TripAdvisor had a return on equity of 6.81% and a net margin of 4.26%. The company had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $451.27 million. During the same quarter in the previous year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. equities analysts predict that TripAdvisor will post 0.68 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “TripAdvisor, Inc. (TRIP) Given New $34.00 Price Target at Royal Bank Of Canada” was posted by BBNS and is owned by of BBNS. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://baseballnewssource.com/markets/tripadvisor-inc-trip-given-new-34-00-price-target-at-royal-bank-of-canada/1781501.html.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in TripAdvisor by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 10,758,105 shares of the travel company’s stock worth $410,959,000 after acquiring an additional 105,571 shares during the last quarter. Jackson Square Partners LLC lifted its position in TripAdvisor by 2.8% during the 3rd quarter. Jackson Square Partners LLC now owns 10,279,727 shares of the travel company’s stock valued at $416,637,000 after acquiring an additional 283,336 shares during the period. BlackRock Inc. lifted its position in TripAdvisor by 23.9% during the 2nd quarter. BlackRock Inc. now owns 8,883,209 shares of the travel company’s stock valued at $339,338,000 after acquiring an additional 1,713,523 shares during the period. Carmignac Gestion lifted its position in TripAdvisor by 9.4% during the 3rd quarter. Carmignac Gestion now owns 6,851,065 shares of the travel company’s stock valued at $277,674,000 after acquiring an additional 585,879 shares during the period. Finally, Brown Advisory Inc. raised its holdings in TripAdvisor by 2.2% in the third quarter. Brown Advisory Inc. now owns 6,284,998 shares of the travel company’s stock worth $254,731,000 after buying an additional 135,568 shares during the last quarter. 87.38% of the stock is currently owned by institutional investors.

TripAdvisor Company Profile

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

Receive News & Ratings for TripAdvisor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TripAdvisor Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.