Expedia Receives Equal Weight Rating from Evercore Partners (EXPE)
Expedia (NASDAQ: EXPE)‘s stock had its “equal weight” rating reiterated by equities research analysts at Evercore Partners in a research note issued to investors on Thursday. They currently have a $70.00 price target on the stock.
A number of other firms have also recently commented on EXPE. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Expedia in a research note to investors on Wednesday. Separately, analysts at JMP Securities initiated coverage on shares of Expedia in a research note to investors on Tuesday. They set a “market perform” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Expedia in a research note to investors on Thursday, February 28th.
Sixteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Expedia has a consensus rating of “Hold” and a consensus target price of $66.21.
Shares of Expedia (NASDAQ: EXPE) traded down 2.05% during mid-day trading on Thursday, hitting $61.98. Expedia has a one year low of $30.97 and a one year high of $68.09. The stock’s 50-day moving average is currently $64.81. The company has a market cap of $8.391 billion and a P/E ratio of 31.66.
Expedia (NASDAQ: EXPE) last issued its quarterly earnings data on Tuesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.02. The company had revenue of $975.00 million for the quarter, compared to the consensus estimate of $929.84 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 23.9% on a year-over-year basis. Analysts expect that Expedia will post $3.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 28th. Investors of record on Monday, March 11th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, March 7th.
Expedia, Inc. provides travel agency services in the United States, the United Kingdom, Germany, Canada, France, Italy and the Netherlands via the Internet.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.