Priceline.com PT Raised to $1,425.00 at Deutsche Bank (PCLN)
Research analysts at Deutsche Bank increased their target price on shares of Priceline.com (NASDAQ:PCLN) from $1,240.00 to $1,425.00 in a report released on Friday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target suggests a potential upside of 11.07% from the company’s current price.
Shares of Priceline.com (NASDAQ:PCLN) traded up 2.81% during mid-day trading on Friday, hitting $1319.09. 1,396,320 shares of the company’s stock traded hands. 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 $67.837 billion and a price-to-earnings ratio of 37.02. Priceline.com also was the target of a large 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. Currently, 1.7% of the shares of the company are short sold. Based on an average daily volume of 749,881 shares, the short-interest 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 (EPS) for the quarter, beating the 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 Zacks reiterated a “neutral” rating on shares of Priceline.com in a research note on Friday. They now have a $1,347.00 price target on the stock. Separately, analysts at Benchmark Co. raised their EPS on shares of Priceline.com in a research note on Friday. They now have a “buy” rating and a $1,550.00 price target on the stock. Finally, analysts at Macquarie raised their price target on shares of Priceline.com from $1,380.00 to $1,500.00 in a research note on Friday. Two analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average 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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