Priceline Group Coverage Initiated by Analysts at Stifel Nicolaus (PCLN)
Equities researchers at Stifel Nicolaus initiated coverage on shares of Priceline Group (NASDAQ:PCLN) in a research report issued on Wednesday. The firm set a “buy” rating and a $1,600.00 price target on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 23.61% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Priceline Group in a research note on Tuesday. They now have a $1,375.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Priceline Group in a research note on Tuesday. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Priceline Group in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,435.59.
Priceline Group (NASDAQ:PCLN) opened at 1294.36 on Wednesday. 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 $1240. and a 200-day moving average of $1228.. The company has a market cap of $67.819 billion and a P/E ratio of 32.42.
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. Analysts expect that Priceline Group will post $52.46 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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