Deutsche Bank Sees Shares of Expedia Flying Higher (EXPE)

By
A A A
Share |

Bellevue Washington based online travel giant Expedia ( EXPE ) got a bullish upgrade from Deutsche Bank as the bank raised the stock from Hold to Buy.

The commentary surrounding the upgrade suggested;
1)Expedia currently trades less expensively than competitor PricelinePCLN
2) EPS estimates may be 15% too low and
3) Ross Sandler noted, "The company is in the middle of a major acceleration from improving conversion rates as a result of its recent website and platform upgrade,".

With a new $68 price target accompanying the upgrade Deutsche Bank implies 19.1% upside from Expedia's $57.09 close yesterday.

Shares are already up nearly 97% YTD.

The Bottom Line
Shares of Expedia ( EXPE ) have a .91% dividend yield, based on last night's closing stock price of $57.09. The stock has technical support in the $50 price area. If the shares can firm up, we see overhead resistance around the $60-$63 price levels.

Expedia ( 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.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: EXPE

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

Most Active by Volume

55,414,702
  • $15.38 ▼ 0.39%
38,503,210
  • $66.34 ▲ 2.26%
36,466,704
  • $8.36 ▼ 9.52%
35,253,294
  • $26.55 ▲ 1.34%
32,752,347
  • $6.55 ▲ 1.87%
31,778,001
  • $95.22 ▲ 0.19%
28,396,556
  • $51.49 ▼ 0.62%
23,800,987
  • $42.09 ▲ 0.97%
As of 7/11/2014, 04:03 PM