Stifel Nicolaus downgraded shares of TripAdvisor (NASDAQ: TRIP) from a buy rating to a hold rating in a report issued on Monday, TheFlyOnTheWall.com reports. They currently have $58.00 target price on the stock. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a buy rating on shares of TripAdvisor in a research note to investors on Monday, May 20th. They now have a $68.00 price target on the stock, up previously from $60.00. Separately, analysts at S&P Equity Research raised their price target on shares of TripAdvisor from $50.00 to $58.00 in a research note to investors on Thursday, May 9th. They now have a hold rating on the stock. Finally, analysts at Macquarie raised their price target on shares of TripAdvisor from $46.00 to $60.00 in a research note to investors on Wednesday, May 8th. They now have an outperform rating on the stock.
One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company’s stock. TripAdvisor currently has a consensus rating of Hold and an average price target of $54.43.
Shares of TripAdvisor (NASDAQ: TRIP) traded down 1.05% during mid-day trading on Monday, hitting $61.54. TripAdvisor has a one year low of $28.63 and a one year high of $54.14. The stock’s 50-day moving average is currently $51.2. The company has a market cap of $8.823 billion and a P/E ratio of 42.86.
TripAdvisor, Inc. (NASDAQ: TRIP) is an online travel research company, enabling users to plan and have a trip.