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EXPE

Expedia

$117.13

1.02 (0.88%)

09:16
05/22/19
05/22
09:16
05/22/19
09:16

Expedia downgraded to Hold at Argus on slowing Vrbo bookings

As previously reported, Argus analyst John Staszak downgraded Expedia to Hold after its "mixed" Q1 results that showed bookings growth at the company's Vrbo unit slowing to "just 5%" from 46% in Q1 of last year. The analyst expects that growth rate to remain "modest" and also warns that the company's core lodging business will be constrained by rising spending on marketing and technology upgrades. Based on Expedia's prospects of "decelerating growth", Staszak believes that the current 17.3-times his expected 2019 earnings valuation "adequately" reflects its prospects even though that multiple is near the bottom of the company's 17- to 36-times historical range.

  • 04

    Jun

EXPE Expedia
$117.13

1.02 (0.88%)

05/06/19
05/06/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Ternium (TX) downgraded to Neutral from Overweight at JPMorgan with analyst Rodolfo Angele stating weaker U.S. steel prices coupled with higher slab sales should continue to pressure Ternium's sales growth. 2.Five Below (FIVE) downgraded to Equal Weight from Overweight eith analyst Karen Short citing valuation following the stock's recent run. 3. Arrow Electronics (ARW) downgraded to Neutral from Buy at BofA/Merrill with analyst Param Singh saying he believes operating margins "peaked" in C2018 and expects C2020 earnings growth to come from higher volume, low-margin components. 4. AAON (AAON) downgraded to Underperform from Neutral at DA Davidson with analyst Brent Thielman noting that the "quality" of its earnings has been "sub-par", even though the company has built up a large backlog. 5. Expedia (EXPE) downgraded to Neutral from Positive at Susquehanna with analyst Shyam Patil stating that he doesn't see a catalyst to move the stock higher and doesn't think estimate will move up in the near-term following the company's Q1 earnings report. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/20/19
NEED
05/20/19
INITIATION
NEED
Hold
Expedia assumed with a Hold at Needham
Needham analyst Brad Erickson assumed coverage of Expedia with a Hold rating.
05/21/19
05/21/19
INITIATION

Hold
Expedia assumed with a Hold at Needham
As previously reported, Needham analyst Brad Erickson assumed coverage of Expedia with a Hold rating, saying that while he finds the valuation on the stock "arguably attractive" and its international supply compelling, he also sees a "lack of fundamental upside" in a tough competitive alternative accommodation industry. The analyst notes that his channel checks suggest Expedia's Vrbo is losing market share to Airbnb, adding that with its multiple likely tied to Vrbo's trajectory "for the foreseeable future". Erickson further contends that a more bullish rating would require greater Vrbo relevance in urban areas and "around festivals, events and conferences."
05/22/19
ARGS
05/22/19
DOWNGRADE
ARGS
Hold
Expedia downgraded to Hold from Buy at Argus

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