The Priceline Group Inc. (NASDAQ:PCLN).
August 9 investment analysts at Credit Suisse made no change to the stock rating of “Outperform” but raised the price expectation from $1.00 to $2.00. On August 9 Deutsche Bank left the stock rating at “Hold” and raised the price target to $2.00 from $1,350.00.
August 9 investment analysts at Barclays kept the company rating at “Overweight” and moved down the price target to $2.00 from $1.00. On October 24, 2017 Deutsche Bank initiated coverage on PCLN with a rating of “Hold”.
On October 24 Deutsche Bank left the company rating at “Hold” but moved up the price target to $2.00 from $2.00. SunTrust Robinson Humphrey initiated coverage setting a rating of “Buy”.
October 2 investment analysts at Morgan Stanley made no change to the company rating of “Overweight” but raised the price target from $1.00 to $2.00.
The company is now down by 0.02%% since yesterday’s close of 1934.55. It is currently trading at $1,934.18 a bit higher than $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 was up $55.27 and the 200 day average went up $60.59 or +3.23%.
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 Priceline Group Inc. currently has a P/E ratio of 41.08 and the market cap is 94.89B. As of the last earnings report the EPS was $47.08 and is estimated to be $74.81 for the current year with 49,059,000 shares presently outstanding. Next quarter’s EPS is estimated at $15.59 with next year’s EPS anticipated to be $86.45.
Short traders are feeling a little more bullish on shares of the company lately as inferred by the change in short interest. The stock experienced a fall in short interest of -5.39% as of the latest report on September 29, 2017. Short shares fell from 1,874,662 to 1,773,535 over that timeframe. Days to cover decreased from 5.0 to 5.0 and the percentage of shorted shares is 0.04% as of September 29.