priceline.com Given “Buy” Rating at TheStreet (PCLN)
priceline.com (NASDAQ:PCLN)‘s stock had its “buy” rating reiterated by stock analysts at TheStreet in a report issued on Friday, Analyst Ratings 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
priceline.com (NASDAQ:PCLN) traded up 1.58% during mid-day trading on Friday, hitting $1048.50. 332,011 shares of the company’s stock traded hands. priceline.com has a 52-week low of $553.97 and a 52-week high of $1074.89. The stock’s 50-day moving average is $997.2 and its 200-day moving average is $866.0. The company has a market cap of $53.998 billion and a P/E ratio of 33.94.
priceline.com (NASDAQ:PCLN) last released its earnings data on Thursday, August 8th. The company reported $9.70 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $7.85 earnings per share. The company’s quarterly revenue 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.
A number of other analysts have also recently weighed in on PCLN. Analysts at Deutsche Bank reiterated a “buy” rating on shares of priceline.com in a research note to investors on Monday. Separately, analysts at Ned Davis Research upgraded shares of priceline.com from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 30th. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of priceline.com in a research note to investors on Wednesday, September 11th. They set a “neutral” rating and a $981.56 price target on the stock. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $1,059.83.
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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