Priceline Group Price Target Increased to $1,565.00 by Analysts at Pacific Crest (PCLN)
Research analysts at Pacific Crest raised their target price on shares of Priceline Group (NASDAQ:PCLN) from $1,475.00 to $1,565.00 in a report released on Tuesday. Pacific Crest’s price objective suggests a potential upside of 19.53% from the company’s current price.
A number of other analysts have also recently weighed in on PCLN. 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. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $1,433.61.
Shares of Priceline Group (NASDAQ:PCLN) traded down 0.48% on Tuesday, hitting $1302.9301. The stock had a trading volume of 353,148 shares. 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 $68.315 billion and a P/E ratio of 34.94.
Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data 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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