Despegar Com (NYSE:DESP) Earning Somewhat Favorable Press Coverage, Report Finds

Media coverage about Despegar Com (NYSE:DESP) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Despegar Com earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 44.8812005795707 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Several equities research analysts have weighed in on the company. UBS Group raised Despegar Com from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Thursday, January 11th. Cowen reissued a “buy” rating and set a $35.00 price objective on shares of Despegar Com in a research note on Sunday, November 19th. Zacks Investment Research upgraded Despegar Com from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Friday, December 15th. Finally, Morgan Stanley boosted their target price on Despegar Com from $31.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, November 17th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $35.00.

Despegar Com (NYSE:DESP) traded up $0.48 during trading on Thursday, reaching $29.18. The company’s stock had a trading volume of 13,728 shares, compared to its average volume of 156,774. Despegar Com has a one year low of $22.73 and a one year high of $34.70.

Despegar Com (NYSE:DESP) last posted its earnings results on Friday, November 17th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. equities analysts forecast that Despegar Com will post 0.55 EPS for the current year.

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Despegar Com Company Profile

Despegar.com Corp is an Argentina-based travel agency. The Company’s activities are divided into two business segments: Air, as well as Packages, Hotels and Other Travel Products. The Air division focuses on the sale of airline tickets. The Packages, Hotels and Other Travel Products division includes sales of travel packages with or without airline tickets and hotel rooms, as well as stand-alone sales of hotel rooms, including vacation rentals, car rentals, bus tickets, cruise tickets, travel insurance and destination services.

Insider Buying and Selling by Quarter for Despegar Com (NYSE:DESP)

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