Barclays Maintains an 'Equalweight' on HomeAway (AWAY); 3Q Results Top Expectations
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Price: $20.05 -0.5%
Rating Summary:
12 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
12 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Barclays maintains an 'Equalweight' on HomeAway (NASDAQ: AWAY) price target of $42.00.
Barclays analyst says, "Strong Results across the Board: HomeAway reported 3Q11 results that topped both management's and consensus expectations, with strong YoY revenue growth of 37% (~29% organic revenue growth) and significant upside in adj. EBITDA, driven largely by stronger-than-expected revenue growth."
"Our 4Q revenue estimate remains largely unchanged, while our adj. EBITDA declines slightly due to the spending shift. Our full year 2011 revenue and adj. EBITDA estimates increase to $229MM (from $226) and $65.5MM (from $62MM), respectively."
For more ratings news on HomeAway click here and for the rating history of HomeAway click here.
Shares of HomeAway closed at $37.32 yesterday.
Barclays analyst says, "Strong Results across the Board: HomeAway reported 3Q11 results that topped both management's and consensus expectations, with strong YoY revenue growth of 37% (~29% organic revenue growth) and significant upside in adj. EBITDA, driven largely by stronger-than-expected revenue growth."
"Our 4Q revenue estimate remains largely unchanged, while our adj. EBITDA declines slightly due to the spending shift. Our full year 2011 revenue and adj. EBITDA estimates increase to $229MM (from $226) and $65.5MM (from $62MM), respectively."
For more ratings news on HomeAway click here and for the rating history of HomeAway click here.
Shares of HomeAway closed at $37.32 yesterday.
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