Despegar Com Inc (DESP) Receives $35.83 Average Price Target from Analysts

Shares of Despegar Com Inc (NYSE:DESP) have been given a consensus rating of “Buy” by the seven research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $35.83.

A number of research analysts have weighed in on the stock. UBS Group assumed coverage on shares of Despegar Com in a research note on Monday, October 16th. They issued a “neutral” rating and a $36.00 target price on the stock. Morgan Stanley assumed coverage on shares of Despegar Com in a research note on Monday, October 16th. They issued an “equal weight” rating and a $31.00 target price on the stock. KeyCorp assumed coverage on shares of Despegar Com in a research note on Monday, October 16th. They issued an “overweight” rating and a $40.00 target price on the stock. Citigroup assumed coverage on shares of Despegar Com in a research report on Tuesday, October 17th. They set a “neutral” rating and a $34.00 price target on the stock. Finally, Cowen reaffirmed a “buy” rating and set a $35.00 price target on shares of Despegar Com in a research report on Sunday, November 19th.

Despegar Com (NYSE DESP) opened at $30.05 on Friday. Despegar Com has a 12 month low of $22.73 and a 12 month high of $34.70.

Despegar Com (NYSE:DESP) last released its earnings results on Friday, November 17th. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.05. equities research analysts expect that Despegar Com will post 0.55 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Malaga Cove Capital LLC purchased a new stake in shares of Despegar Com during the 4th quarter valued at approximately $274,000. Davidson Kempner Capital Management LP purchased a new stake in shares of Despegar Com during the 3rd quarter valued at approximately $640,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Despegar Com during the 3rd quarter valued at approximately $192,000. Point72 Asset Management L.P. purchased a new stake in shares of Despegar Com during the 3rd quarter valued at approximately $6,560,000. Finally, Bienville Capital Management LLC purchased a new stake in shares of Despegar Com during the 3rd quarter valued at approximately $4,651,000. 72.62% of the stock is currently 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.

Analyst Recommendations for Despegar Com (NYSE:DESP)

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