Priceline.com Price Target Raised to $1,500.00 at FBR Capital Markets (PCLN)
Equities research analysts at FBR Capital Markets increased their target price on shares of Priceline.com (NASDAQ:PCLN) from $1,300.00 to $1,500.00 in a research note issued to investors on Friday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price points to a potential upside of 14.01% from the company’s current price.
Shares of Priceline.com (NASDAQ:PCLN) traded up 2.54% during mid-day trading on Friday, hitting $1315.65. The stock had a trading volume of 2,073,420 shares. Priceline.com has a one year low of $665.05 and a one year high of $1333.12. The stock has a 50-day moving average of $1187. and a 200-day moving average of $1088.. The company has a market cap of $67.660 billion and a P/E ratio of 37.02. Priceline.com also saw a significant decline in short interest in the month of 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. Based on an average daily volume of 749,881 shares, the short-interest ratio is presently 1.1 days. Currently, 1.7% of the company’s shares are sold short.
Priceline.com (NASDAQ:PCLN) last posted its quarterly 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. On average, analysts predict that Priceline.com will post $51.59 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on PCLN. Analysts at Jefferies Group raised their price target on shares of Priceline.com from $1,200.00 to $1,475.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital reiterated a “positive” rating on shares of Priceline.com in a research note on Tuesday. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Priceline.com in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. Priceline.com has an average rating of “Buy” and a consensus target price of $1,286.35.
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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