More from Dividend.com
Referenced Stocks

Analysts See Growth for Expedia; Reaffirm “Buy” Rating (EXPE)

By Dividend.com,  October 22, 2012, 01:20:02 PM EDT

Cantor Fitzgerald has reaffirmed a "Buy" rating on online travel company, Expedia Inc( EXPE ) Monday.

With earnings expected to be reported later this week, the firm has reiterated a "Buy" rating on EXPE with a price target of $66. This price suggests a 20.5% increase over the stock's current price of $52.44, and a 56% increase over the stock's YTD price of $28.89.

Analyst Naved Khan noted, "while the company does face prospects of slowdown in international growth (due to European macro and FX), we expect this to be more than offset by U.S. strength and improvement in conversion rates on the Expedia.com brand."

Analysts are expecting to see solid numbers for the company. Growth is expected in both booking and revenue with improved conversion rates on higher click volume.

Expedia shares were up 39 cents, or 0.75% on Monday afternoon.

The Bottom Line
Shares of Expedia ( EXPE ) have a 1.00% dividend yield, based on Friday's closing stock price of $52.10. The stock has technical support in the $47-$50 price area. If the shares can firm up, we see overhead resistance around the $55-$59 price levels.

Expedia Inc( EXPE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: EXPE



Latest News Video

One Man's Journey from Banking to Baking
One Man's Journey from Banking to B...
Did An Oversized Truck Cause The Bridge Collapse?
Did An Oversized Truck Cause The Br...
Department Of Transportation Reacts To Collapse
Department Of Transportation Reacts...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.21 0.10  0.75%
HPQ $ 24.86 3.63  17.10%
SIRI $ 3.545 0.01  0.28%
MU $ 11.39 0.47  4.30%
MSFT $ 34.15 0.46  1.33%
F $ 14.81 0.16  1.07%
QQQ $ 73.45 0.17  0.23%
GE $ 23.66 0.20  0.84%