Despegar.com (DESP) Expected to Announce Quarterly Earnings on Wednesday

Despegar.com (NYSE:DESP) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, March 12th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $212.40 million for the quarter.

Despegar.com Stock Down 0.3 %

Despegar.com stock opened at $19.23 on Wednesday. Despegar.com has a 1-year low of $8.64 and a 1-year high of $19.55. The firm’s fifty day moving average price is $19.23 and its two-hundred day moving average price is $16.02.

Analysts Set New Price Targets

Several research firms have recently weighed in on DESP. TD Cowen upgraded shares of Despegar.com from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Morgan Stanley lifted their target price on shares of Despegar.com from $17.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Despegar.com currently has an average rating of “Moderate Buy” and a consensus target price of $17.20.

About Despegar.com

Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States. The company operates in two segments, Travel Business and Financial Services Business.