Expedia’s Target Raised at Citigroup after Meeting with Management (EXPE)

By
A A A
Share |

Online discount travel company Expedia, Inc. ( EXPE ) on Tuesday saw its price target boosted by analysts at Citigroup.

The firm said it raised its price target on EXPE from $29 to $33. That new target suggests a 23% upside to the stock's Monday closing price of $26.93.

Citigroup also maintained its "Buy" rating following recent ositive meetings with company management. The analyst noted that EXPE remains top large-cap value play at current levels.

Expedia shares rose 81 cents, or +3%, in premarket trading Tuesday.

The Bottom Line
Shares of Expedia ( EXPE ) have a 1.04% dividend yield, based on last night's closing stock price of $26.93. The stock has technical support in the $22-$24 price area. If the shares can firm up, we see overhead resistance around the $28-$30 price levels.

Expedia, Inc. ( EXPE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 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

Can You Trust CarFax?
Can You Trust CarFax?               

Stocks

Referenced

Most Active by Volume

164,810,018
  • $16.16 ▲ 4.12%
50,233,746
  • $55.89 ▲ 4.66%
38,892,062
  • $37 ▲ 5.35%
36,824,964
  • $35.15 ▲ 1.88%
34,222,883
  • $9.74 ▲ 6.22%
32,620,827
  • $100.58 ▲ 0.01%
29,001,008
  • $30.10 ▼ 0.76%
25,347,187
  • $8.25 ▲ 1.48%
As of 8/21/2014, 04:03 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com