Despegar Com Inc (DESP) Receives New Coverage from Analysts at Citigroup Inc.

Citigroup Inc. began coverage on shares of Despegar Com Inc (NASDAQ:DESP) in a research report released on Tuesday morning. The firm issued a neutral rating and a $34.00 target price on the stock.

DESP has been the topic of several other reports. Guggenheim began coverage on Despegar Com in a research note on Thursday, September 28th. They set a buy rating and a $38.00 price objective on the stock. KeyCorp began coverage on Despegar Com in a research note on Monday. They set an overweight rating and a $40.00 price objective on the stock. Morgan Stanley began coverage on Despegar Com in a research note on Monday. They set an equal weight rating and a $31.00 price objective on the stock. Finally, UBS AG began coverage on Despegar Com in a research note on Monday. They set a neutral rating and a $36.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $35.80.

Shares of Despegar Com (NASDAQ:DESP) opened at 32.52 on Tuesday. The stock’s market capitalization is $2.18 billion. Despegar Com has a one year low of $27.91 and a one year high of $34.70. The company’s 50-day moving average price is $32.37 and its 200 day moving average price is $32.37.

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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.

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