Despegar.com Corp. (NYSE:DESP) – Analysts at KeyCorp boosted their FY2017 earnings per share estimates for shares of Despegar.com in a research note issued on Thursday, according to Zacks Investment Research. KeyCorp analyst B. Erickson now anticipates that the company will post earnings of $0.57 per share for the year, up from their prior estimate of $0.55. KeyCorp currently has a “Overweight” rating and a $40.00 target price on the stock. KeyCorp also issued estimates for Despegar.com’s Q3 2018 earnings at $0.22 EPS, FY2018 earnings at $0.78 EPS, Q3 2019 earnings at $0.23 EPS and FY2019 earnings at $1.02 EPS.
Several other analysts also recently commented on the company. Cowen reissued a “buy” rating and issued a $35.00 price objective on shares of Despegar.com in a research note on Sunday, November 19th. Morgan Stanley increased their price objective on Despegar.com from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, November 17th. Citigroup began coverage on Despegar.com in a research note on Tuesday, October 17th. They issued a “neutral” rating and a $34.00 price objective for the company. UBS began coverage on Despegar.com in a research note on Monday, October 16th. They issued a “neutral” rating and a $36.00 price objective for the company. Finally, Guggenheim began coverage on Despegar.com in a research note on Thursday, September 28th. They issued a “buy” rating and a $38.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $35.83.
Shares of Despegar.com (NYSE:DESP) traded up $0.13 during trading hours on Monday, reaching $23.01. The company’s stock had a trading volume of 730,691 shares, compared to its average volume of 344,951. Despegar.com has a 1-year low of $22.73 and a 1-year high of $34.70.
Several institutional investors have recently modified their holdings of the company. General Atlantic LLC purchased a new stake in shares of Despegar.com during the third quarter valued at approximately $101,607,000. Ameriprise Financial Inc. purchased a new stake in shares of Despegar.com during the third quarter valued at approximately $15,403,000. Carmignac Gestion purchased a new stake in shares of Despegar.com during the third quarter valued at approximately $8,000,000. Point72 Asset Management L.P. purchased a new stake in shares of Despegar.com during the third quarter valued at approximately $6,560,000. Finally, Bienville Capital Management LLC purchased a new stake in shares of Despegar.com during the third quarter valued at approximately $4,651,000. 72.64% of the stock is owned by hedge funds and other institutional investors.
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Despegar.com Company Profile
Despegar.com 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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