Priceline Group PT Raised to $1,450.00 (PCLN)
JMP Securities raised their target price on shares of Priceline Group (NASDAQ:PCLN) from $1,425.00 to $1,450.00 in a research note issued on Tuesday. JMP Securities’ price objective would suggest a potential upside of 10.75% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. Three investment 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 company presently 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. 353,148 shares of the company’s stock traded hands. Priceline Group has a one year low of $928.80 and a one 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 price-to-earnings ratio of 34.94.
Priceline Group (NASDAQ:PCLN) last announced its 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.
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.