The Tripadvisor Inc (TRIP) Price Target Cut to $35.00 by Analysts at Deutsche Bank AG

The Tripadvisor Inc (TRIP) Price Target Cut to $35.00 by Analysts at Deutsche Bank AG

TRIP has been the topic of several other research reports. Credit Suisse Group AG began coverage on Tripadvisor in a report on Wednesday, January 11th. They set a “neutral” rating and a $51.00 target price on the stock. Zacks Investment Research upgraded Tripadvisor from a “strong sell” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Wednesday, January 11th. Vetr lowered Tripadvisor from a “strong-buy” rating to a “buy” rating and set a $57.11 target price on the stock. in a report on Wednesday, January 11th. Miller Tabak assumed coverage on Tripadvisor in a research report on Wednesday, January 18th. They set a “hold” rating on the stock. Finally, Evercore ISI reissued a “hold” rating and set a $52.00 price target on shares of Tripadvisor in a research report on Monday, February 13th. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the company’s stock. Tripadvisor presently has a consensus rating of “Hold” and a consensus target price of $49.00.

Tripadvisor Inc (NASDAQ:TRIP) had its price objective lowered by equities research analysts at Deutsche Bank AG from $37.00 to $35.00 in a research report issued to clients and investors on Thursday, May 11th. The firm currently has a “hold” rating on the travel company’s stock. Deutsche Bank AG’s target price would indicate a potential downside of 10.55% from the company’s current price.

Tripadvisor (NASDAQ:TRIP) opened at 39.13 on Thursday. Tripadvisor has a 52 week low of $38.23 and a 52 week high of $71.69. The company has a 50-day moving average of $43.53 and a 200 day moving average of $46.34. The firm has a market cap of $5.53 billion, a P/E ratio of 55.04 and a beta of 2.02.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, May 9th. The travel company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $372 million during the quarter, compared to the consensus estimate of $376.67 million. Tripadvisor had a net margin of 3.49% and a return on equity of 3.61%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. On average, equities analysts predict that Tripadvisor will post $1.16 earnings per share for the current year. Hedge funds and other institutional investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its position in shares of Tripadvisor by 6.7% in the third quarter. Great West Life Assurance Co. Can now owns 81,010 shares of the travel company’s stock valued at $5,114,000 after buying an additional 5,109 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Tripadvisor by 5.4% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,472 shares of the travel company’s stock valued at $2,304,000 after buying an additional 1,867 shares in the last quarter. WCM Investment Management CA raised its position in shares of Tripadvisor by 36.5% in the third quarter. WCM Investment Management CA now owns 377,403 shares of the travel company’s stock valued at $23,844,000 after buying an additional 100,918 shares in the last quarter. First Trust Advisors LP raised its position in shares of Tripadvisor by 11.2% in the third quarter. First Trust Advisors LP now owns 1,283,815 shares of the travel company’s stock valued at $81,111,000 after buying an additional 128,930 shares in the last quarter. Finally, Lockheed Martin Investment Management Co. bought a new position in shares of Tripadvisor during the third quarter valued at about $1,453,000. 86.78% of the stock is owned by institutional investors and hedge funds.

About Tripadvisor 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TRIP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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