Credit Suisse Reiterates Outperform Rating for Priceline Group (PCLN)
PCLN has been the subject of a number of other recent research reports. Analysts at JMP Securities raised their price target on shares of Priceline Group from $1,425.00 to $1,450.00 in a research note on Tuesday. Separately, analysts at Pacific Crest raised their price target on shares of Priceline Group from $1,475.00 to $1,565.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group reiterated a “market outperform” rating on shares of Priceline Group in a research note on Tuesday. They now have a $1,545.00 price target on the stock, up previously from $1,500.00. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $1,429.71.
Shares of Priceline Group (NASDAQ:PCLN) traded down 1.14% on Tuesday, hitting $1294.36. 794,163 shares of the company’s stock traded hands. Priceline Group has a 1-year low of $928.80 and a 1-year high of $1378.96. The stock’s 50-day moving average is $1238. and its 200-day moving average is $1227.. The company has a market cap of $67.866 billion and a price-to-earnings ratio of 34.94.
Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Monday, August 11th. The company reported $12.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.02 by $0.49. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the company posted $9.70 earnings per share. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. On average, analysts predict that Priceline Group will post $52.37 earnings per share for the current fiscal year.
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.
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