TripAdvisor, Inc. (TRIP) – Deutsche Bank Maintains Rating And Lowers Price Target


TripAdvisor, Inc. (NASDAQ:TRIP).

On August 7 Barclays made no change to the stock rating of “Equal-Weight” and lowered the price target from $84.00 to $48.00. August 10 investment analysts at Barclays maintained a stock rating of “Equal-Weight” and lowered the price expectation to $47.00 from $48.00.

On August 25 the stock rating was downgraded from “Hold” to “Underperform” in a statement from Jefferies.

The company is now down by 1.26% percent from yesterday’s close. Company shares last traded at $39.24 which is marginally under $42.28, the stock’s 50 day moving average and a bit lower than the 200 day moving average of $40.95. The 50 day moving average was down by -7.18% and the 200 day average moved down $-1.71.

TripAdvisor, Inc., launched on July 20, 2011, owns and operates a portfolio of online travel brands. TripAdvisor, the Business’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Business’s platform also enables users to compare real-time pricing and availability for these experiences, as well as to book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurants, on either a TripAdvisor site or application, or a travel partner site or application. As of December 31, 2016, the Business’s TripAdvisor-branded Websites included in the United States and localized versions of the TripAdvisor Website in 48 markets and 28 languages around the world. As of December 31, 2016, the Company featured approximately 465 million reviews and opinions on seven million places to stay, places to eat and things to do, including 1,060,000 hotels and accommodations and 835,000 vacation rentals, 4.3 million restaurants and 760,000 activities and attractions around the world..

The P/E ratio is currently 59.36 and the market cap of the company is 5.44B. As of the last earnings report the EPS was $0.66 and is estimated to be $1.14 for the current year with 138,752,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.17 and the next full year EPS is anticipated to be $1.18.

Traders are feeling more bullish recently as evidenced by the change in short interest. The firm recorded a fall in short interest of -3.85% as of September 29, 2017 from the last reporting period. Short shares decreased from 21,692,871 to 20,857,622 over that timeframe. With short interest at 20,857,622 and short average daily volume at 2,506,067, days to cover is 8.0 and the short interest percentage is 0.15% as of September 29.