Priceline Group Coverage Initiated at Oppenheimer (PCLN)
Investment analysts at Oppenheimer started coverage on shares of Priceline Group (NASDAQ:PCLN) in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Buckingham Research initiated coverage on shares of Priceline Group in a research note on Friday. They set a “neutral” rating on the stock. Separately, 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. Finally, analysts at Piper Jaffray reiterated a “positive” rating on shares of Priceline Group in a research note on Thursday. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. Priceline Group has a consensus rating of “Buy” and a consensus target price of $1,345.57.
Shares of Priceline Group (NASDAQ:PCLN) traded down 0.20% on Monday, hitting $1203.00. The stock had a trading volume of 577,991 shares. Priceline Group has a one year low of $831.11 and a one year high of $1378.96. The stock has a 50-day moving average of $1208. and a 200-day moving average of $1212.. The company has a market cap of $63.076 billion and a price-to-earnings ratio of 32.17.
Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data 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. On average, analysts predict that Priceline Group will post $52.19 earnings per share for the current fiscal year.
In other Priceline Group news, Director Jeffrey E. Epstein sold 2,000 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were 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 is available at this link.
Priceline Group Inc, formerly Priceline Com Incorporated, is an online travel company that offers its customers hotel room reservations at over 295,000 hotels worldwide through the Booking.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.