The analysts wrote, Expedia reported a strong 2Q beat, with better bookings growth, revs and EBITDA in 2Q and raised guidance. One-time items only partly offset a strong FX headwind and the company still beat. The Expedia brand saw further improvement, confirming the strong comScore trends dollar rent a car promo code we had observed. We increase our ests and target price from $43 to $51. We reiterate our Hold rating on shares, which traded to $52.39 after hours, as we see more compelling value in Priceline shares, which trade at a modest valuation premium despite meaningfully stronger bookings growth.
Shares of Expedia traded up 20.11% during mid-day trading on Friday, hitting $54.90. Expedia has a one year low of $27.28 and a one year high of $65.78. The company has a market cap of $6.977 billion and a P/E ratio of 15.18.
Expedia last issued its quarterly earnings data on Thursday, July 26th. The company reported $0.76 earnings per share for the quarter, dollar rent a car promo code beating the analysts consensus estimate of $0.71 by $0.05. Expedia s revenue was up 13.8% compared to the same quarter dollar rent a car promo code last year. On average, analysts predict that Expedia will post $2.82 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on EXPE. Analysts at Nomura reiterated a neutral rating on shares of Expedia in a research note to investors on Friday. Separately, analysts at Benchmark Co. raised dollar rent a car promo code their price target on shares dollar rent a car promo code of Expedia dollar rent a car promo code from $40.00 to $55.00 in a research note to investors on Friday. They now have a hold rating on the stock. Finally, analysts at Morgan Stanley upgraded shares of Expedia from an underweight rating to an equal weight rating in a research note to investors on Friday.
Expedia, Inc. (Expedia) dollar rent a car promo code is an online travel company. As of December 31, 2011, the Company s portfolio dollar rent a car promo code of travel brands featuring supply dollar rent a car promo code portfolio, including over 145,000 hotels in 200 countries, 300 airlines, packages, rental cars, cruises, as well as destination services and activities.
Keep up with the latest analysts' ratings by subscribing to Daily Political's daily email update . With your complimentary dollar rent a car promo code subscription, you will receive a concise summary of stock analysts' upgrades, downgrades and new coverage. Click here to subscribe .
Expedia Stock Rating Reaffirmed by Deutsche Bank Lazard Capital Lowers Expedia to Neutral Stifel Nicolaus Gives Buy Rating to Expedia Expedia dollar rent a car promo code Rating Increased to Equal Weight at Morgan Stanley Atlantic Securities Initiates Coverage on Expedia
No comments:
Post a Comment