Priceline Group Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:PCLN)
Shares of Priceline Group (NASDAQ:PCLN) have been given an average recommendation of “Buy” by the twenty-seven ratings firms that are covering the stock, Analyst RN reports. Four equities research analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $1,435.59.
A number of research firms have recently commented on PCLN. Analysts at Stifel Nicolaus initiated coverage on shares of Priceline Group in a research note on Wednesday. They set a “buy” rating and a $1,600.00 price target on the stock. Separately, 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. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Priceline Group in a research note on Tuesday.
Shares of Priceline Group (NASDAQ:PCLN) opened at 1270.12 on Tuesday. Priceline Group has a 52-week low of $930.82 and a 52-week high of $1378.96. The stock’s 50-day moving average is $1246. and its 200-day moving average is $1230.. The company has a market cap of $66.614 billion and a P/E ratio of 32.18.
Priceline Group (NASDAQ:PCLN) last issued its quarterly 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 $52.44 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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