KeyCorp Initiates Coverage on Despegar Com Inc (NASDAQ:DESP)

KeyCorp assumed coverage on shares of Despegar Com Inc (NASDAQ:DESP) in a research note released on Monday, October 16th. The firm issued an overweight rating and a $40.00 price objective on the stock. KeyCorp also issued estimates for Despegar Com’s Q3 2017 earnings at $0.14 EPS, Q4 2017 earnings at $0.13 EPS, FY2017 earnings at $0.55 EPS, Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $0.77 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.22 EPS and FY2019 earnings at $1.00 EPS.

Separately, Guggenheim assumed coverage on Despegar Com in a research report on Thursday, September 28th. They set a buy rating and a $38.00 price objective for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Despegar Com has an average rating of Hold and a consensus target price of $35.80.

Shares of Despegar Com (NASDAQ DESP) opened at 30.06 on Monday. Despegar Com has a 12 month low of $27.91 and a 12 month high of $34.70. The company’s market capitalization is $2.02 billion. The company’s 50 day moving average price is $31.98 and its 200 day moving average price is $31.98.

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An institutional investor recently bought a new position in Despegar Com stock. Nationwide Fund Advisors purchased a new stake in shares of Despegar Com Inc (NASDAQ:DESP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,900 shares of the company’s stock, valued at approximately $253,000.

Despegar Com Company Profile Corp is an Argentina-based travel agency. The Company’s activities are divided into two business segments: Air, as well as Packages, Hotels and Other Travel Products. The Air division focuses on the sale of airline tickets. The Packages, Hotels and Other Travel Products division includes sales of travel packages with or without airline tickets and hotel rooms, as well as stand-alone sales of hotel rooms, including vacation rentals, car rentals, bus tickets, cruise tickets, travel insurance and destination services.

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