Royal Bank of Canada Reaffirms Buy Rating for Expedia (EXPE)

Expedia (NASDAQ:EXPE)‘s stock had its “buy” rating reissued by investment analysts at Royal Bank of Canada in a report released on Tuesday. They presently have a $141.00 price target on the online travel company’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 27.73% from the company’s current price.

EXPE has been the subject of a number of other reports. Piper Jaffray raised their price target on Expedia to $135.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Stifel Nicolaus reaffirmed a “hold” rating and set a $112.00 price target (down from $140.00) on shares of Expedia in a report on Friday, February 9th. Credit Suisse Group set a $132.00 price target on Expedia and gave the company a “buy” rating in a report on Friday, February 9th. SunTrust Banks reaffirmed a “buy” rating and set a $165.00 price target on shares of Expedia in a report on Friday, February 9th. Finally, Vetr cut Expedia from a “strong-buy” rating to a “buy” rating and set a $140.63 price target for the company. in a report on Thursday, January 4th. Fourteen research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Expedia currently has an average rating of “Buy” and an average price target of $144.64.

How to Become a New Pot Stock Millionaire

EXPE stock opened at $110.39 on Tuesday. Expedia has a fifty-two week low of $98.52 and a fifty-two week high of $161.00. The firm has a market cap of $16,666.60, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 2.17 and a beta of 1.04. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.61.

Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 8th. The online travel company reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.31). Expedia had a net margin of 3.76% and a return on equity of 9.66%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the business earned $1.17 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. equities research analysts expect that Expedia will post 3.49 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Douglas Lane & Associates LLC boosted its position in shares of Expedia by 26.6% in the 4th quarter. Douglas Lane & Associates LLC now owns 313,239 shares of the online travel company’s stock worth $37,517,000 after purchasing an additional 65,821 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in Expedia by 103.2% during the fourth quarter. Penserra Capital Management LLC now owns 45,194 shares of the online travel company’s stock worth $5,411,000 after acquiring an additional 22,957 shares in the last quarter. Boyd Watterson Asset Management LLC OH lifted its holdings in Expedia by 23.3% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 10,279 shares of the online travel company’s stock worth $1,231,000 after acquiring an additional 1,940 shares in the last quarter. BTIM Corp. bought a new position in Expedia during the fourth quarter worth about $2,380,000. Finally, HPM Partners LLC bought a new position in Expedia during the fourth quarter worth about $403,000. Institutional investors and hedge funds own 80.10% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/04/24/royal-bank-of-canada-reaffirms-buy-rating-for-expedia-expe.html.

Expedia Company Profile

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

Analyst Recommendations for Expedia (NASDAQ:EXPE)

Receive News & Ratings for Expedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply