Despegar Com (DESP) Getting Somewhat Favorable Press Coverage, Study Shows

News articles about Despegar Com (NYSE:DESP) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Despegar Com earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news articles about the company an impact score of 44.8812005795707 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Several research firms recently weighed in on DESP. UBS Group began coverage on Despegar Com in a research report on Monday, October 16th. They set a “neutral” rating and a $36.00 price target on the stock. KeyCorp began coverage on Despegar Com in a research report on Monday, October 16th. They set an “overweight” rating and a $40.00 price target on the stock. Citigroup began coverage on Despegar Com in a research report on Tuesday, October 17th. They set a “neutral” rating and a $34.00 price target on the stock. Cowen reissued a “buy” rating and set a $35.00 price target on shares of Despegar Com in a research report on Sunday, November 19th. Finally, Morgan Stanley began coverage on Despegar Com in a research report on Monday, October 16th. They set an “equal weight” rating and a $31.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Despegar Com presently has a consensus rating of “Buy” and a consensus target price of $35.00.

Shares of Despegar Com (NYSE:DESP) traded down $0.49 during midday trading on Thursday, reaching $29.01. The company’s stock had a trading volume of 9,665 shares, compared to its average volume of 145,232. Despegar Com has a 1 year low of $22.73 and a 1 year high of $34.70.

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