priceline.com Now Covered by Analysts at FBR Capital Markets (PCLN)
Research analysts at FBR Capital Markets started coverage on shares of priceline.com (NASDAQ:PCLN) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $1,250.00 price target on the stock. FBR Capital Markets’ target price points to a potential upside of 17.26% from the company’s current price.
A number of other analysts have also recently weighed in on PCLN. Analysts at Credit Suisse initiated coverage on shares of priceline.com in a research note to investors on Tuesday. They set an “outperform” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of priceline.com from $1,135.00 to $1,200.00 in a research note to investors on Monday. They now have a “positive” rating on the stock. Three analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. priceline.com presently has an average rating of “Buy” and a consensus target price of $1,066.87.
priceline.com (NASDAQ:PCLN) traded down 0.90% during mid-day trading on Wednesday, hitting $1065.972. 484,398 shares of the company’s stock traded hands. priceline.com has a one year low of $553.97 and a one year high of $994.98. The stock’s 50-day moving average is $939.2 and its 200-day moving average is $813.7. The company has a market cap of $54.898 billion and a price-to-earnings ratio of 35.37.
priceline.com (NASDAQ:PCLN) last announced its earnings results 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. Analysts expect that priceline.com will post $40.10 EPS for the current fiscal year.
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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