Deutsche Bank Raises PT & Estimates on Expedia (EXPE) After Q2 Beat...Sorry, Still Prefer Priceline (PCLN)
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Price: $58.00 -0.17%
Rating Summary:
12 Buy, 23 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
12 Buy, 23 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade EXPE Now!
Deutsche Bank reiterates a 'Hold' on Expedia (NASDAQ: EXPE) price target of $51.00 (from $43.00).
Deutsche analyst said, "Expedia reported a strong 2Q beat, with better bookings growth, revs and EBITDA in 2Q and raised guidance. One-time items only partly offset a strong FX headwind and the company still beat. The Expedia brand saw further improvement, confirming the strong comScore trends we had observed. We increase our estimates and target price. We reiterate our Hold rating on shares, which traded to $52.39 after hours, as we see more compelling value in Priceline (Nasdaq: PCLN) shares, which trade at a modest valuation premium despite meaningfully stronger bookings growth."
FY12 EPS estimate raised from $3.06 to $3.15 and revenues from $3.77B to $3.88B.
For an analyst ratings summary and ratings history on Expedia click here. For more ratings news on Expedia click here.
Shares of Expedia closed at $45.71 yesterday, with a 52 week range of $23.85-$50.66.
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Deutsche analyst said, "Expedia reported a strong 2Q beat, with better bookings growth, revs and EBITDA in 2Q and raised guidance. One-time items only partly offset a strong FX headwind and the company still beat. The Expedia brand saw further improvement, confirming the strong comScore trends we had observed. We increase our estimates and target price. We reiterate our Hold rating on shares, which traded to $52.39 after hours, as we see more compelling value in Priceline (Nasdaq: PCLN) shares, which trade at a modest valuation premium despite meaningfully stronger bookings growth."
FY12 EPS estimate raised from $3.06 to $3.15 and revenues from $3.77B to $3.88B.
For an analyst ratings summary and ratings history on Expedia click here. For more ratings news on Expedia click here.
Shares of Expedia closed at $45.71 yesterday, with a 52 week range of $23.85-$50.66.
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