Despegar.com Corp (NYSE:DESP) Receives $22.33 Consensus Price Target from Brokerages

Despegar.com Corp (NYSE:DESP) has received an average rating of “Hold” from the six ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $22.33.

Separately, Zacks Investment Research upgraded shares of Despegar.com from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th.

Shares of Despegar.com stock traded up $0.93 on Tuesday, hitting $14.71. The company had a trading volume of 1,010,073 shares, compared to its average volume of 334,713. The business has a 50-day simple moving average of $13.64. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.02. The stock has a market cap of $953.05 million, a P/E ratio of 54.48 and a beta of 1.33. Despegar.com has a 52 week low of $11.11 and a 52 week high of $21.06.

Despegar.com (NYSE:DESP) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.23). The business had revenue of $114.09 million during the quarter, compared to analysts’ expectations of $114.90 million. Despegar.com had a negative net margin of 2.60% and a negative return on equity of 5.20%. The business’s revenue was down 11.0% on a year-over-year basis. During the same period last year, the firm posted $0.02 earnings per share. On average, equities analysts expect that Despegar.com will post -0.24 EPS for the current year.

Several institutional investors have recently bought and sold shares of DESP. Marshall Wace North America L.P. bought a new position in shares of Despegar.com in the first quarter valued at approximately $112,000. Bank of America Corp DE boosted its holdings in Despegar.com by 52.6% during the fourth quarter. Bank of America Corp DE now owns 9,351 shares of the company’s stock worth $116,000 after buying an additional 3,224 shares in the last quarter. Commonwealth Bank of Australia bought a new stake in Despegar.com during the first quarter worth approximately $143,000. CHICAGO TRUST Co NA bought a new stake in Despegar.com during the second quarter worth approximately $160,000. Finally, Legal & General Group Plc boosted its holdings in Despegar.com by 226.1% during the fourth quarter. Legal & General Group Plc now owns 16,056 shares of the company’s stock worth $199,000 after buying an additional 11,133 shares in the last quarter. Institutional investors and hedge funds own 57.69% of the company’s stock.

About Despegar.com

Despegar.com Corp. provides online travel agency services. It offers tours and corporate packages to destinations such as Paris, Cancun, Rio de Janeiro, Rome, Barcelona, and Las Vegas, as well as vehicle rentals and hotel bookings. The company was founded by Roberto Hernán Souviron, Federico Fuchs, Martín Rastellino, Ernesto Cadeiras and Christian Vilate in December 1999 and is headquartered in Buenos Aires, Argentina.

Recommended Story: What is a Leveraged Buyout (LBO)?

Analyst Recommendations for Despegar.com (NYSE:DESP)

Receive News & Ratings for Despegar.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Despegar.com and related companies with MarketBeat.com's FREE daily email newsletter.