TripAdvisor Downgraded by Benchmark Co. to “Hold” (TRIP)

TripAdvisor (NASDAQ: TRIP) was downgraded by investment analysts at Benchmark Co. from a “buy” rating to a “hold” rating in a note issued to investors on Thursday. They currently have a $31.00 price target on the stock.

Separately, analysts at JPMorgan Chase & Co. (NYSE: JPM) initiated coverage on shares of TripAdvisor in a research note to investors on Monday, January 30th. They set a “neutral” rating and a $31.00 price target on the stock. They noted that the move was a valuation call. Also, analysts at Goldman Sachs (NYSE: GS) initiated coverage on shares of TripAdvisor in a research note to investors on Tuesday, January 17th. They set a “neutral” rating on the stock.

TripAdvisor, Inc. (TripAdvisor) is an online travel research company, enabling users to plan and have a trip. TripAdvisor features reviews and advice on hotels, resorts, flights, vacation rentals, vacation packages and travel guides. TripAdvisor’s travel research platform features reviews and opinions from its community of travelers about destinations, accommodations (hotels, bed and breakfasts, specialty lodging and vacation rentals), restaurants and activities worldwide, through its TripAdvisor brand. TripAdvisor Websites include tripadvisor.com in the United States and versions of the Website in 30 countries, including in China under the brand daodao.com. TripAdvisor Websites also include links to the Websites of its travel advertisers allowing travelers to directly book their travel arrangements. On December 20, 2011, Expedia, Inc. (Expedia) completed the spin-off of TripAdvisor, Inc. (TripAdvisor) to Expedia stockholders.

Shares of TripAdvisor traded down 17.88% during mid-day trading on Thursday, hitting $28.20. TripAdvisor has a one year low of $23.99 and a one year high of $35.93. The stock’s 50-day moving average is $29.42 and its 200-day moving average is $29.09.

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Posted by Web Inquirer Staff on 9 Feb 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.