priceline.com Given Buy Rating at TheStreet (PCLN)
priceline.com (NASDAQ:PCLN)‘s stock had its “buy” rating reiterated by analysts at TheStreet in a research report issued to clients and investors on Sunday, AnalystRatingsNetwork 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.”
Shares of priceline.com (NASDAQ:PCLN) opened at 1070.85 on Friday. priceline.com has a 52-week low of $553.97 and a 52-week high of $994.98. The stock has a 50-day moving average of $939.2 and a 200-day moving average of $813.7. The company has a market cap of $55.149 billion and a price-to-earnings ratio of 35.53.
priceline.com (NASDAQ:PCLN) last announced its earnings results 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. Analysts expect that priceline.com will post $40.11 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on PCLN. Analysts at FBR & Co. upgraded shares of priceline.com from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday. Separately, analysts at FBR Capital Markets initiated coverage on shares of priceline.com in a research note to investors on Wednesday. They set an “outperform” rating and a $1,250.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of priceline.com in a research note to investors on Tuesday, October 22nd. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,066.87.
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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