priceline.com Receives Buy Rating from TheStreet (PCLN)
priceline.com (NASDAQ:PCLN)‘s stock had its “buy” rating reiterated by equities researchers at TheStreet in a research report issued on Thursday, American Banking and Market News reports.
The analysts wrote, “Priceline.com (PCLN) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
Shares of priceline.com (NASDAQ:PCLN) traded up 0.75% during mid-day trading on Thursday, hitting $1004.79. The stock had a trading volume of 148,246 shares. priceline.com has a 52-week low of $553.97 and a 52-week high of $1013.63. The stock’s 50-day moving average is $959.5 and its 200-day moving average is $831.0. The company has a market cap of $51.747 billion and a P/E ratio of 32.79.
priceline.com (NASDAQ:PCLN) last released its earnings data on Thursday, August 8th. The company reported $9.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.37 by $0.33. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the company posted $7.85 earnings per share. The company’s revenue for the quarter was up 26.7% on a year-over-year basis. On average, analysts predict that priceline.com will post $40.09 earnings per share for the current fiscal year.
In other priceline.com news, Director Jeffrey Epstein sold 2,000 shares of priceline.com stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $971.38, for a total transaction of $1,942,760.00. Following the sale, the director now directly owns 9,181 shares of the company’s stock, valued at approximately $8,918,240. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Janney Montgomery Scott initiated coverage on shares of priceline.com (NASDAQ:PCLN) in a research note to investors on Wednesday, September 11th. They set a “neutral” rating and a $981.56 price target on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of priceline.com (NASDAQ:PCLN) from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 19th. Finally, analysts at Credit Suisse raised their price target on shares of priceline.com (NASDAQ:PCLN) from $924.00 to $1,200.00 in a research note to investors on Monday, August 12th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. priceline.com currently has an average rating of “Buy” and a consensus target price of $1,062.06.
Priceline Com Incorporated, is an online travel company that offers its customers hotel room reservations at over 295,000 hotels worldwide through the Booking.
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