Priceline Group Given Consensus Rating of “Buy” by Brokerages (NASDAQ:PCLN)
Priceline Group (NASDAQ:PCLN) has been given an average rating of “Buy” by the twenty-six brokerages that are presently covering the company, AnalystRatings.NET reports. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $1,435.83.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” 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. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Priceline Group from $1,450.00 to $1,575.00 in a research note on Tuesday. Finally, analysts at Macquarie raised their price target on shares of Priceline Group from $1,500.00 to $1,595.00 in a research note on Tuesday.
Priceline Group (NASDAQ:PCLN) traded down 0.31% on Tuesday, hitting $1305.16. The stock had a trading volume of 253,171 shares. Priceline Group has a 1-year low of $928.80 and a 1-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 $68.432 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 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.
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