Tripadvisor’s (TRIP) Underweight Rating Reiterated at Cantor Fitzgerald

Tripadvisor (NASDAQ:TRIP)‘s stock had its “underweight” rating reiterated by equities research analysts at Cantor Fitzgerald in a research note issued on Monday, Benzinga reports. They presently have a $12.00 price target on the travel company’s stock. Cantor Fitzgerald’s target price would indicate a potential downside of 18.09% from the stock’s current price.

Several other research analysts have also recently weighed in on TRIP. B. Riley cut shares of Tripadvisor from a “buy” rating to a “neutral” rating and lowered their price target for the company from $26.00 to $19.00 in a research report on Wednesday, August 7th. Wedbush reaffirmed a “neutral” rating and issued a $21.00 target price on shares of Tripadvisor in a research report on Wednesday, August 7th. The Goldman Sachs Group decreased their target price on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. BTIG Research decreased their target price on shares of Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, Citigroup reduced their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.33.

Tripadvisor Trading Down 0.8 %

Shares of TRIP stock traded down $0.12 on Monday, hitting $14.65. 469,781 shares of the stock traded hands, compared to its average volume of 2,413,674. The firm’s 50-day moving average price is $14.87 and its two-hundred day moving average price is $19.34. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $2.04 billion, a PE ratio of 97.40, a PEG ratio of 2.23 and a beta of 1.39. Tripadvisor has a twelve month low of $12.93 and a twelve month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $504.76 million. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. As a group, analysts anticipate that Tripadvisor will post 0.37 EPS for the current year.

Institutional Investors Weigh In On Tripadvisor

Several institutional investors have recently made changes to their positions in the stock. SYSTM Wealth Solutions LLC raised its stake in Tripadvisor by 10.5% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock valued at $126,000 after purchasing an additional 432 shares during the last quarter. Fifth Third Bancorp raised its stake in Tripadvisor by 104.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after purchasing an additional 846 shares during the last quarter. Swiss National Bank raised its stake in Tripadvisor by 0.6% in the 1st quarter. Swiss National Bank now owns 210,900 shares of the travel company’s stock valued at $5,861,000 after purchasing an additional 1,200 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Tripadvisor by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock valued at $974,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its stake in Tripadvisor by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 94,621 shares of the travel company’s stock valued at $2,630,000 after purchasing an additional 1,264 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

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.