Priceline Group Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:PCLN)
Priceline Group (NASDAQ:PCLN) has been given a consensus rating of “Buy” by the twenty-nine brokerages that are presently covering the company, StockRatingsNetwork.com reports. Three research analysts have rated the stock with a hold recommendation, twenty-one have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $1,340.35.
Priceline Group (NASDAQ:PCLN) traded up 0.19% during mid-day trading on Thursday, hitting $1223.78. 212,913 shares of the company’s stock traded hands. Priceline Group has a 1-year low of $819.73 and a 1-year high of $1378.96. The stock has a 50-day moving average of $1203. and a 200-day moving average of $1212.. The company has a market cap of $64.165 billion and a price-to-earnings ratio of 32.60.
Priceline Group (NASDAQ:PCLN) last released its earnings data on Thursday, May 8th. The company reported $7.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters consensus estimate of $6.91 by $0.90. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the company posted $5.76 earnings per share. The company’s quarterly revenue was up 26.1% on a year-over-year basis. Analysts expect that Priceline Group will post $52.24 EPS for the current fiscal year.
In other Priceline Group news, Director Jeffrey E. Epstein unloaded 2,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $1,196.97, for a total transaction of $2,393,940.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
PCLN has been the subject of a number of recent research reports. Analysts at Piper Jaffray reiterated a “positive” rating on shares of Priceline Group in a research note on Thursday. Separately, analysts at FBR Capital Markets initiated coverage on shares of Priceline Group in a research note on Wednesday. They set an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Priceline Group in a research note on Friday, May 9th. They now have a $1,163.00 price target on the stock.
Priceline Group Inc, formerly Priceline Com Incorporated, incorporated on July 30, 1998, 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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