priceline.com Downgraded to “Neutral” at Ned Davis Research (PCLN)
priceline.com (NASDAQ:PCLN) was downgraded by equities research analysts at Ned Davis Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, Analyst RN reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Evercore Partners raised their price target on shares of priceline.com from $1,250.00 to $1,350.00 in a research note to investors on Wednesday, January 15th. They now have an “overweight” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of priceline.com from $1,220.00 to $1,300.00 in a research note to investors on Monday, January 13th. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley set a $1,320.00 price target on shares of priceline.com in a research note to investors on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $1,164.90.
Shares of priceline.com (NASDAQ:PCLN) traded up 0.88% on Tuesday, hitting $1188.4399. 233,555 shares of the company’s stock traded hands. priceline.com has a 52-week low of $665.05 and a 52-week high of $1198.75. The stock’s 50-day moving average is $1170. and its 200-day moving average is $1036.. The company has a market cap of $61.118 billion and a P/E ratio of 33.99.
priceline.com (NASDAQ:PCLN) last issued its quarterly earnings data 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 earnings per share 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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