Priceline Group Now Covered by Buckingham Research (PCLN)
Research analysts at Buckingham Research started coverage on shares of Priceline Group (NASDAQ:PCLN) in a report released on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Shares of Priceline Group (NASDAQ:PCLN) traded up 0.22% on Friday, hitting $1220.40. The stock had a trading volume of 44,247 shares. Priceline Group has a 52 week low of $819.73 and a 52 week high of $1378.96. The stock has a 50-day moving average of $1206. and a 200-day moving average of $1212.. The company has a market cap of $63.988 billion and a P/E ratio of 32.50.
Priceline Group (NASDAQ:PCLN) last announced its earnings results on Thursday, May 8th. The company reported $7.81 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $5.76 earnings per share. Priceline Group’s revenue was up 26.1% compared to the same quarter last year. Analysts expect that Priceline Group will post $52.24 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Priceline Group in a research note on Thursday. They now have a $1,283.00 price target on the stock. Separately, analysts at Piper Jaffray reiterated a “positive” rating on shares of Priceline Group in a research note on Thursday. Finally, 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. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,345.57.
In other Priceline Group news, Director Jeffrey E. Epstein unloaded 2,000 shares of the 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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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