Despegar Com (DESP) Upgraded at UBS Group

Despegar Com (NYSE:DESP) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, The Fly reports.

Several other brokerages also recently weighed in on DESP. Morgan Stanley assumed coverage on Despegar Com in a report on Monday, October 16th. They issued an “equal weight” rating and a $31.00 price target for the company. KeyCorp assumed coverage on Despegar Com in a report on Monday, October 16th. They issued an “overweight” rating and a $40.00 price target for the company. Citigroup assumed coverage on Despegar Com in a report on Tuesday, October 17th. They issued a “neutral” rating and a $34.00 price target for the company. Cowen reiterated a “buy” rating and issued a $35.00 price target on shares of Despegar Com in a report on Sunday, November 19th. Finally, Zacks Investment Research upgraded Despegar Com from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday, December 15th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $35.00.

Despegar Com (DESP) opened at $26.49 on Thursday. The firm has a market capitalization of $1,900.00 and a price-to-earnings ratio of 49.98. Despegar Com has a twelve month low of $22.73 and a twelve month high of $34.70.

Several hedge funds have recently added to or reduced their stakes in the company. Grandeur Peak Global Advisors LLC acquired a new stake in shares of Despegar Com during the 3rd quarter worth $160,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Despegar Com during the 3rd quarter worth $192,000. Nationwide Fund Advisors acquired a new stake in shares of Despegar Com during the 3rd quarter worth $253,000. SG Americas Securities LLC acquired a new stake in shares of Despegar Com during the 3rd quarter worth $332,000. Finally, Davidson Kempner Capital Management LP acquired a new stake in shares of Despegar Com during the 3rd quarter worth $640,000. Institutional investors and hedge funds own 72.64% of the company’s stock.

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About Despegar Com

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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