Investment analysts at Cowen and Company lowered their price objective on shares of Expedia (NASDAQ:EXPE) from $70.00 to $60.00 in a note issued to investors on Friday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price target suggests a potential upside of 27.12% from the company’s current price.
A number of other analysts have also recently weighed in on EXPE. Analysts at Barclays Capital cut their price target on shares of Expedia from $72.00 to $57.00 in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Expedia in a research note to investors on Friday. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Expedia in a research note to investors on Friday.
One investment analyst has rated the stock with a sell rating, twenty have assigned a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $66.12.
Shares of Expedia (NASDAQ: EXPE) traded down 27.38% during mid-day trading on Friday, hitting $47.20. Expedia has a 52 week low of $50.47 and a 52 week high of $68.09. The stock’s 50-day moving average is currently $60.90. The company has a market cap of $6.378 billion and a P/E ratio of 50.70.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.79 by $0.15. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. On average, analysts predict that Expedia will post $3.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 18th. Investors of record on Wednesday, August 28th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.27%.
Expedia, Inc (NASDAQ: EXPE) is an online travel company.