priceline.com PT Raised to $1,475.00 (PCLN)
Investment analysts at Jefferies Group upped their price objective on shares of priceline.com (NASDAQ:PCLN) from $1,200.00 to $1,475.00 in a note issued to investors on Wednesday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 13.32% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated a “positive” rating on shares of priceline.com in a research note on Tuesday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of priceline.com in a research note on Tuesday. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of priceline.com in a research note on Thursday, February 13th. They now have a $1,450.00 price target on the stock, up previously from $1,275.00. Two equities research analysts have rated the stock with a hold rating, twenty-eight have issued 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 price target of $1,175.40.
Shares of priceline.com (NASDAQ:PCLN) traded down 2.14% on Wednesday, hitting $1273.76. The stock had a trading volume of 1,066,895 shares. priceline.com has a 52 week low of $665.05 and a 52 week high of $1313.8199. The stock’s 50-day moving average is $1179. and its 200-day moving average is $1084.. The company has a market cap of $65.506 billion and a P/E ratio of 37.55. priceline.com also was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 849,541 shares, a decrease of 37.9% from the January 15th total of 1,369,041 shares. Based on an average trading volume of 749,881 shares, the short-interest ratio is currently 1.1 days. Approximately 1.7% of the company’s shares are short sold.
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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