priceline.com Rating Reiterated by TheStreet (PCLN)
priceline.com (NASDAQ:PCLN)‘s stock had its “positive” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Sunday, 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, solid stock price performance, impressive record of earnings per share growth, expanding profit margins and good cash flow from operations. 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) opened at 1132.6801 on Friday. priceline.com has a 52 week low of $644.37 and a 52 week high of $1198.75. The stock’s 50-day moving average is $1169. and its 200-day moving average is $1012.. The company has a market cap of $58.250 billion and a P/E ratio of 33.05.
priceline.com (NASDAQ:PCLN) last announced its earnings results on Thursday, November 7th. The company reported $17.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $16.21 by $1.09. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the company posted $12.40 earnings per share. priceline.com’s revenue was up 33.1% compared to the same quarter last year. On average, analysts predict that priceline.com will post $41.10 EPS for the current fiscal year.
A number of other firms have also recently commented on PCLN. Analysts at Goldman Sachs Group Inc. upgraded shares of priceline.com from a “buy” rating to a “conviction-buy” rating in a research note to investors on Wednesday, November 20th. They now have a $1,500.00 price target on the stock, up previously from $1,260.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of priceline.com in a research note to investors on Monday, November 11th. They now have a $1,127.00 price target on the stock. Finally, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of priceline.com in a research note to investors on Monday, November 11th. They now have a $1,050.00 price target on the stock, up previously from $925.00. Three research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $1,153.61.
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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