Expedia Receives Equal Weight Rating from Evercore Partners (EXPE)

Posted by: Karim Khaledi Posted date: March 21, 2013 In: Analyst Articles - US, Investing

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.

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