The Priceline Group Inc. (NASDAQ:PCLN):
OpenTable Unveils 13 Spookiest Restaurants in the U.S..
The company is unchanged by %% since yesterday’s close of 1934.55.
The Priceline Group Inc., launched on July 30, 1998, 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. Its other brands include KAYAK, Rentalcars.com and OpenTable, Inc. (OpenTable)..
The stock is trading at $1,934.55 a tad above $1,878.91, the 50 day moving average and which is marginally over the 200 day moving average of $1,873.59. The 50 day moving average moved up $55.64 whereas the 200 day average was up by +3.25%.
The company currently has a P/E ratio of 41.09 and market capitalization is 94.91B. As of the latest earnings report the EPS was $47.08 and is expected to be $74.81 for the current year with 49,059,000 shares now outstanding. Next quarter’s EPS is forecasted to be $15.59 with next year’s EPS projected to be $86.45.
Traders are a little more bullish on shares of The Priceline Group Inc. of late at least if you consider the fall in short interest. The company had a fall in short interest between September 15, 2017 and September 29, 2017 of -5.39%. Short interest fell from 1,874,662 to 1,773,535 over that period. The short-interest ratio decreased to 5.0 and the percentage of shorted shares is 0.04% as of September 29.
Several ratings firms have released ratings on the stock. On August 9 Credit Suisse held the stock rating at “Outperform” but raised the price target from $1.00 to $2.00. August 9 investment analysts at Deutsche Bank maintained a stock rating of “Hold” and moved up the price target to $2.00 from $1,350.00.
On August 9 Barclays made no change to the company rating of “Overweight” and raised the price expectation from $1.00 to $2.00. SunTrust Robinson Humphrey starting coverage on the stock with a rating of “Buy”.
On October 2 Morgan Stanley kept the company rating at “Overweight” but moved up the price target to $2.00 from $1.00.