Despegar.com (NYSE:DESP) will be posting its quarterly earnings results before the market opens on Thursday, August 16th. Analysts expect Despegar.com to post earnings of $0.04 per share for the quarter.
DESP stock opened at $19.78 on Wednesday. The stock has a market cap of $1.30 billion and a PE ratio of 28.67. Despegar.com has a 52 week low of $19.03 and a 52 week high of $36.56.
A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of Despegar.com from a “sell” rating to a “hold” rating in a research note on Monday, June 11th. Morgan Stanley cut their target price on shares of Despegar.com from $31.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, July 20th. Finally, KeyCorp cut their target price on shares of Despegar.com from $40.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday, June 26th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $34.25.
Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products through its Websites and mobile applications in Latin America. It operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets, packages, hotels, and other travel-related products under the Despegar and Decolar brands, which enable consumers to find, compare, plan, and purchase travel products through its marketplace.
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