Tripadvisor (TRIP) Price Target Lowered to $34.00 at Royal Bank Of Canada

Tripadvisor (NASDAQ:TRIP) had its price target reduced by Royal Bank Of Canada from $38.00 to $34.00 in a research report released on Monday, November 13th, MarketBeat reports. They currently have a sector perform rating on the travel company’s stock.

Several other analysts also recently weighed in on TRIP. BidaskClub upgraded Tripadvisor from a strong sell rating to a sell rating in a research report on Wednesday, August 9th. Susquehanna Bancshares restated a neutral rating and issued a $32.00 price objective (down from $40.00) on shares of Tripadvisor in a report on Thursday, August 10th. Cowen restated a market perform rating and issued a $42.00 price objective (up from $40.00) on shares of Tripadvisor in a report on Friday, August 11th. Stifel Nicolaus restated a hold rating and issued a $40.00 price objective (down from $45.00) on shares of Tripadvisor in a report on Thursday, August 10th. Finally, Jefferies Group restated a sell rating and issued a $35.00 price objective on shares of Tripadvisor in a report on Thursday, September 28th. Eight research analysts have rated the stock with a sell rating and twenty have issued a hold rating to the company. Tripadvisor has an average rating of Hold and a consensus target price of $39.95.

Tripadvisor (NASDAQ TRIP) traded down $0.33 during midday trading on Monday, reaching $34.29. 2,591,841 shares of the company’s stock traded hands, compared to its average volume of 6,115,865. Tripadvisor has a 52 week low of $29.50 and a 52 week high of $53.58. The stock has a market capitalization of $4,807.96, a price-to-earnings ratio of 50.17, a price-to-earnings-growth ratio of 2.81 and a beta of 2.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.47 and a quick ratio of 2.47.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $451.27 million. During the same period last year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. research analysts anticipate that Tripadvisor will post 0.69 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Managed Accounts LLC purchased a new stake in Tripadvisor in the third quarter valued at approximately $101,000. Oppenheimer Asset Management Inc. acquired a new position in Tripadvisor in the first quarter valued at approximately $113,000. KCG Holdings Inc. acquired a new position in Tripadvisor in the first quarter valued at approximately $205,000. D.A. Davidson & CO. lifted its holdings in Tripadvisor by 957.0% in the third quarter. D.A. Davidson & CO. now owns 5,655 shares of the travel company’s stock valued at $229,000 after acquiring an additional 5,120 shares during the period. Finally, BlueMountain Capital Management LLC acquired a new position in Tripadvisor in the second quarter valued at approximately $242,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Tripadvisor (TRIP) Price Target Lowered to $34.00 at Royal Bank Of Canada” was published by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://baseballnewssource.com/markets/tripadvisor-inc-trip-given-new-34-00-price-target-at-royal-bank-of-canada/1781501.html.

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

Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot


Leave a Reply

 
© 2006-2017 BBNS.