TripAdvisor Inc (TRIP) Receives a Rating Update from a Top Analyst

By Austin Angelo

Stifel Nicolaus analyst Scott Devitt maintained a Hold rating on TripAdvisor Inc (TRIPResearch Report) yesterday and set a price target of $50. The company’s shares closed yesterday at $43.26, close to its 52-week low of $41.21.

Devitt said:

“We are reducing our revenue and adj. EBITDA estimates for the back half of the year which now call for 13% FY:19 adj. EBITDA growth. We are maintaining our Hold rating and our $50 price target.”

According to TipRanks.com, Devitt is a top 100 analyst with an average return of 20.9% and a 66.8% success rate. Devitt covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies Inc, and Eventbrite Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TripAdvisor Inc with a $56.17 average price target, which is a 29.8% upside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a $50 price target.

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TripAdvisor Inc’s market cap is currently $6.01B and has a P/E ratio of 45.35. The company has a Price to Book ratio of 3.99.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TRIP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

TripAdvisor, Inc. is an online travel company, which owns and operates a portfolio of online travel brands. It operates its business through the Hotel and Non-Hotel segments.