Deutsche Bank Reiterates “Buy” Rating for Priceline Group (PCLN)
A number of other firms have also recently commented on PCLN. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Priceline Group in a research note on Tuesday. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $1,433.13.
Shares of Priceline Group (NASDAQ:PCLN) traded down 0.55% during mid-day trading on Tuesday, hitting $1302.118. The stock had a trading volume of 432,685 shares. Priceline Group has a one year low of $928.80 and a one year high of $1378.96. The stock has a 50-day moving average of $1238. and a 200-day moving average of $1227.. The company has a market cap of $68.273 billion and a price-to-earnings ratio of 34.94.
Priceline Group (NASDAQ:PCLN) last released its earnings data on Monday, August 11th. The company reported $12.51 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $9.70 earnings per share. Priceline Group’s revenue was up 26.4% compared to the same quarter last year. Analysts expect that Priceline Group will post $52.37 EPS 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.
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.