Priceline.com PT Raised to $1,500.00 (PCLN)
Macquarie lifted their price objective on shares of Priceline.com (NASDAQ:PCLN) from $1,380.00 to $1,500.00 in a research note issued on Friday, American Banking & Market News reports. Macquarie’s price target would suggest a potential upside of 16.91% from the company’s current price.
A number of other firms have also recently commented on PCLN. Analysts at JMP Securities set a $1,475.00 price target on shares of Priceline.com in a research note on Friday. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,262.00.
Priceline.com (NASDAQ:PCLN) traded up 3.75% on Friday, hitting $1331.0601. 1,100,899 shares of the company’s stock traded hands. Priceline.com has a one year low of $665.05 and a one year high of $1313.8199. The stock has a 50-day moving average of $1182. and a 200-day moving average of $1086.06. The company has a market cap of $68.452 billion and a price-to-earnings ratio of 37.02. Priceline.com also was the recipient of a significant decrease in short interest during 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 daily volume of 749,881 shares, the short-interest ratio is presently 1.1 days. Approximately 1.7% of the company’s shares are short sold.
Priceline.com (NASDAQ:PCLN) last released its earnings data 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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