Priceline Rating Increased to Buy at Lazard Capital Markets (PCLN)
A number of other firms have also recently commented on PCLN. Analysts at TheStreet reiterated a “buy” rating on shares of Priceline in a research note to investors on Friday. Separately, analysts at Raymond James raised their price target on shares of Priceline from $735.00 to $840.00 in a research note to investors on Wednesday, February 27th. They now have an “outperform” rating on the stock. Finally, analysts at Nomura raised their price target on shares of Priceline from $820.00 to $850.00 in a research note to investors on Wednesday, February 27th. They now have a “buy” rating on the stock.
Eighteen equities research analysts have rated the stock with a buy rating, two have assigned an overweight rating, and eight have given a hold rating to the company. The company presently has an average rating of “overweight” and a consensus target price of $816.12.
Priceline traded up 0.58% on Monday, hitting $725.07. Priceline has a 1-year low of $553.42 and a 1-year high of $774.96. The stock’s 50-day moving average is currently $695.1. The company has a market cap of $36.159 billion and a price-to-earnings ratio of 26.06.
Priceline last issued its quarterly earnings data on Tuesday, February 26th. The company reported $6.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $0.27. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted $5.37 earnings per share. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. Priceline has set its Q1 guidance at $4.90-5.30 EPS. On average, analysts predict that Priceline will post $38.61 earnings per share for the current fiscal year.
Priceline Com Inc, formerly priceline.com Incorporated, is an online travel company that offers its customers hotel room reservations at over 210,000 hotels worldwide through the Booking.
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