Published On: Tue, Sep 13th, 2016

The Priceline Group (PCLN) – Research Analysts’ Weekly Ratings Updates

The Priceline Group (NASDAQ: PCLN) recently received a number of ratings updates from brokerages and research firms:

9/9/2016 – The Priceline Group had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald.
9/5/2016 – The Priceline Group was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $1,698.54 price target on the stock.
8/28/2016 – The Priceline Group had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald.
8/25/2016 – The Priceline Group had its “buy” rating reaffirmed by analysts at Piper Jaffray Cos..
8/23/2016 – The Priceline Group had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $1,700.00 price target on the stock.
8/18/2016 – The Priceline Group was upgraded by analysts at Evercore ISI from a “hold” rating to a “buy” rating. They now have a $1,650.00 price target on the stock, up previously from $1,360.00.
8/14/2016 – The Priceline Group had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald.
8/11/2016 – The Priceline Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $1,575.00 price target on the stock. According to Zacks, “Priceline.com is one of the leading online travel companies in the world.  The company reported strong second quarter results. Both agency and merchant businesses showed strong momentum. The secular growth trend in the online travel booking market, Priceline’s strong position in international markets, growth opportunities in the domestic market, good execution, prudent marketing strategy and strong financial position are positives. At the same time, weaker ADRs, macro headwinds, increasing advertising spend and occupancy tax-related litigation remain overhangs.”
8/8/2016 – The Priceline Group had its “outperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $1,600.00 price target on the stock.
8/8/2016 – The Priceline Group had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $1,560.00 price target on the stock, up previously from $1,510.00.
8/7/2016 – The Priceline Group had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $1,700.00 price target on the stock, up previously from $1,660.00.
8/5/2016 – The Priceline Group had its price target raised by analysts at Benchmark Co. from $1,440.00 to $1,600.00. They now have a “buy” rating on the stock.
8/5/2016 – The Priceline Group had its price target raised by analysts at Deutsche Bank AG from $1,330.00 to $1,450.00. They now have a “buy” rating on the stock.
8/5/2016 – The Priceline Group had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $1,600.00 price target on the stock.
8/5/2016 – The Priceline Group had its “buy” rating reaffirmed by analysts at Morgan Stanley. They now have a $1,600.00 price target on the stock.
8/5/2016 – The Priceline Group had its price target raised by analysts at Piper Jaffray Cos. from $1,500.00 to $1,625.00. They now have an “overweight” rating on the stock.
8/5/2016 – The Priceline Group had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co..
8/5/2016 – The Priceline Group had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc.. They now have a $1,400.00 price target on the stock, up previously from $1,250.00.
8/5/2016 – The Priceline Group had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $1,550.00 price target on the stock. They wrote, “We see this latest foray into digital distribution as a hedge against a likely secular decline in cable subscribers.””
8/1/2016 – The Priceline Group had its “buy” rating reaffirmed by analysts at RBC Capital Markets. They now have a $1,600.00 price target on the stock.
8/1/2016 – The Priceline Group had its “overweight” rating reaffirmed by analysts at Piper Jaffray Cos.. They now have a $1,625.00 price target on the stock, up previously from $1,500.00.
7/25/2016 – The Priceline Group is now covered by analysts at Evercore ISI. They set a “hold” rating and a $1,350.00 price target on the stock.
7/25/2016 – The Priceline Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Priceline.com is one of the leading online travel companies in the world. Estimates have been stable lately ahead of the company’s second quarter earnings release. The company has positive record of earnings surprises in recent quarters. The secular growth trend in the online travel booking market, Priceline’s strong position in international markets, growth opportunities in the domestic market, good execution, prudent marketing strategy and strong financial position are positives. At the same time, weaker ADRs, macro headwinds, increasing advertising spend and occupancy tax-related litigation remain overhangs.”
7/25/2016 – The Priceline Group had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $1,660.00 price target on the stock.
7/18/2016 – The Priceline Group had its “buy” rating reaffirmed by analysts at Jefferies Group.

The Priceline Group Inc. (NASDAQ:PCLN) opened at 1436.21 on Tuesday. The Priceline Group Inc. has a 12-month low of $954.02 and a 12-month high of $1,476.52. The firm has a market cap of $70.99 billion, a PE ratio of 27.32 and a beta of 1.69. The firm has a 50-day moving average price of $1,400.19 and a 200 day moving average price of $1,328.28.
The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Thursday, August 4th. The company reported $13.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.69 by $1.24. The business earned $2.55 billion during the quarter, compared to analysts’ expectations of $2.58 billion. The Priceline Group had a return on equity of 32.93% and a net margin of 27.08%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $12.45 earnings per share. Equities research analysts forecast that The Priceline Group Inc. will post $68.78 EPS for the current year.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/13/the-priceline-group-pcln-research-analysts-weekly-ratings-updates.html

In related news, insider Glenn D. Fogel sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $1,434.75, for a total value of $1,434,750.00. Following the completion of the sale, the insider now directly owns 25,131 shares in the company, valued at $36,056,702.25. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gillian Tans sold 131 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $1,327.89, for a total value of $173,953.59. Following the completion of the sale, the chief executive officer now owns 6,049 shares of the company’s stock, valued at $8,032,406.61. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.
The Priceline Group Inc is a provider of travel and restaurant 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 The Priceline Group Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for The Priceline Group Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>