BMO Capital Markets Trims Tripadvisor (NASDAQ:TRIP) Target Price to $20.00

Tripadvisor (NASDAQ:TRIP) had its target price dropped by stock analysts at BMO Capital Markets from $23.00 to $20.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the travel company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 11.23% from the company’s current price.

Several other analysts also recently issued reports on the stock. Wedbush reissued a “neutral” rating and set a $30.00 target price on shares of Tripadvisor in a research note on Thursday, April 18th. Citigroup raised their price target on shares of Tripadvisor from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Mizuho cut their target price on Tripadvisor from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday. The Goldman Sachs Group decreased their price target on Tripadvisor from $34.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday. Finally, TheStreet raised Tripadvisor from a “d+” rating to a “c” rating in a research report on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $23.12.

Tripadvisor Price Performance

Shares of NASDAQ:TRIP traded down $0.18 on Thursday, reaching $17.98. 3,392,703 shares of the company traded hands, compared to its average volume of 2,653,046. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.27 and a quick ratio of 2.27. The stock has a market capitalization of $2.48 billion, a PE ratio of 300.50, a P/E/G ratio of 1.62 and a beta of 1.56. The company’s 50 day moving average is $26.64 and its 200-day moving average is $22.48. Tripadvisor has a fifty-two week low of $14.15 and a fifty-two week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, February 14th. The travel company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.07 by $0.14. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. The company had revenue of $390.00 million during the quarter, compared to analysts’ expectations of $372.93 million. As a group, analysts anticipate that Tripadvisor will post 0.88 earnings per share for the current fiscal year.

Institutional Trading of Tripadvisor

A number of hedge funds have recently modified their holdings of TRIP. Raymond James & Associates boosted its stake in Tripadvisor by 1.7% during the third quarter. Raymond James & Associates now owns 264,162 shares of the travel company’s stock worth $4,380,000 after buying an additional 4,375 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Tripadvisor by 36.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 37,982 shares of the travel company’s stock valued at $630,000 after acquiring an additional 10,181 shares during the period. New York State Teachers Retirement System raised its position in Tripadvisor by 6.7% in the third quarter. New York State Teachers Retirement System now owns 129,162 shares of the travel company’s stock worth $2,142,000 after purchasing an additional 8,125 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Tripadvisor by 57.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 138,740 shares of the travel company’s stock worth $2,300,000 after purchasing an additional 50,703 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Tripadvisor by 4.1% during the third quarter. Oregon Public Employees Retirement Fund now owns 31,866 shares of the travel company’s stock worth $528,000 after purchasing an additional 1,258 shares during the period. Institutional investors own 98.99% of the company’s stock.

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.