Canaccord Genuity Maintains a 'Hold' on HomeAway (AWAY); Cutting Numbers on Lower Multiple
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Price: $30.36 -0.36%
Rating Summary:
11 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
11 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade AWAY Now!
Canaccord Genuity maintains a 'Hold' on HomeAway (NASDAQ: AWAY) price target of $25.00 (from $30.00).
Analyst, Michael Graham, said, "Q2 results largely met expectations on revenue and earnings, but continued FX weakness in the Euro has resulted in a tamer 2012 outlook by the company. We continue to believe that HomeAway has a solid business model and benefits from a number of opportunities that could result in substantial upside, but given the company’s current valuation we see a balanced risk/reward profile...We have slightly tweaked our estimates and lowered our target price to account for a lower multiple."
For an analyst ratings summary and ratings history on HomeAway click here. For more ratings news on HomeAway click here.
Shares of HomeAway closed at $21.55 yesterday, with a 52 week range of $19.19-$45.75.
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Analyst, Michael Graham, said, "Q2 results largely met expectations on revenue and earnings, but continued FX weakness in the Euro has resulted in a tamer 2012 outlook by the company. We continue to believe that HomeAway has a solid business model and benefits from a number of opportunities that could result in substantial upside, but given the company’s current valuation we see a balanced risk/reward profile...We have slightly tweaked our estimates and lowered our target price to account for a lower multiple."
For an analyst ratings summary and ratings history on HomeAway click here. For more ratings news on HomeAway click here.
Shares of HomeAway closed at $21.55 yesterday, with a 52 week range of $19.19-$45.75.
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