Priceline.com Given a $1,475.00 Price Target by JMP Securities Analysts (PCLN)
Research analysts at JMP Securities set a $1,475.00 price target on shares of Priceline.com (NASDAQ:PCLN) stock in a report released on Friday, AnalystRatings.NET reports. JMP Securities’ price objective suggests a potential upside of 14.96% from the company’s current price.
A number of other firms have also recently commented on PCLN. Analysts at Morgan Stanley raised their price target on shares of Priceline.com from $1,320.00 to $1,450.00 in a research note on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Priceline.com from $1,450.00 to $1,500.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Pacific Crest raised their price target on shares of Priceline.com from $1,220.00 to $1,580.00 in a research note on Friday. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. Priceline.com has a consensus rating of “Buy” and an average price target of $1,262.00.
Shares of Priceline.com (NASDAQ:PCLN) traded up 3.76% during mid-day trading on Friday, hitting $1331.20. The stock had a trading volume of 1,103,361 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 $1182. and its 200-day moving average is $1086.06. The company has a market cap of $68.460 billion and a P/E ratio of 37.02. Priceline.com also was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 849,541 shares, a decline of 37.9% from the January 15th total of 1,369,041 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average trading volume of 749,881 shares, the days-to-cover ratio is currently 1.1 days.
Priceline.com (NASDAQ:PCLN) last announced its earnings results on Thursday, February 20th. The company reported $8.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $8.27 by $0.58. Analysts expect that Priceline.com will post $51.59 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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