Booking (PCLN) Rating Reiterated by Wells Fargo & Co
Booking (NASDAQ:PCLN)‘s stock had its “hold” rating reaffirmed by research analysts at Wells Fargo & Co in a research note issued to investors on Wednesday. They currently have a $1,850.00 target price on the business services provider’s stock. Wells Fargo & Co’s price target would suggest a potential downside of 1.45% from the stock’s previous close.
PCLN has been the topic of several other research reports. Credit Suisse Group raised Booking to a “buy” rating in a research note on Wednesday, February 7th. Zacks Investment Research downgraded Booking from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Deutsche Bank reissued a “hold” rating and issued a $2,050.00 price target on shares of Booking in a research note on Tuesday, October 24th. Royal Bank of Canada lifted their price target on Booking from $2,050.00 to $2,100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 7th. Finally, BidaskClub downgraded Booking from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 23rd. Ten equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $2,025.15.
Shares of Booking (NASDAQ PCLN) opened at $1,877.14 on Wednesday. Booking has a 12 month low of $1,612.41 and a 12 month high of $2,067.99. The stock has a market capitalization of $91,719.90, a PE ratio of 26.29, a price-to-earnings-growth ratio of 1.39 and a beta of 1.38. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68.
Several hedge funds and other institutional investors have recently made changes to their positions in PCLN. Fisher Asset Management LLC grew its holdings in Booking by 4.8% during the third quarter. Fisher Asset Management LLC now owns 1,043 shares of the business services provider’s stock worth $1,910,000 after purchasing an additional 48 shares during the period. LS Investment Advisors LLC grew its holdings in Booking by 4.3% during the third quarter. LS Investment Advisors LLC now owns 945 shares of the business services provider’s stock worth $1,730,000 after purchasing an additional 39 shares during the period. Carnick & Kubik Group LLC bought a new position in Booking during the third quarter worth about $434,000. Strs Ohio grew its holdings in Booking by 20.7% during the third quarter. Strs Ohio now owns 57,629 shares of the business services provider’s stock worth $105,508,000 after purchasing an additional 9,882 shares during the period. Finally, River & Mercantile Asset Management LLP grew its holdings in Booking by 5.0% during the third quarter. River & Mercantile Asset Management LLP now owns 2,096 shares of the business services provider’s stock worth $3,836,000 after purchasing an additional 100 shares during the period. Institutional investors own 92.88% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This news story was first reported by Daily Political and is owned by of Daily Political. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.dailypolitical.com/2018/02/23/booking-pcln-rating-reiterated-by-wells-fargo-co.html.
Booking Company Profile
Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.
Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.