Priceline Group Inc (PCLN) is Upgraded by Morgan Stanley to Overweight, Price Target at $1525

Priceline Group Inc (PCLN) was Upgraded by Morgan Stanley to ” Overweight” and the brokerage firm has set the Price Target at $1525. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Jun 30, 2016.

Many Wall Street Analysts have commented on Priceline Group Inc. Company shares were Upgraded by Barclays on Jun 22, 2016 to ” Overweight”, Firm has raised the Price Target to $ 1500 from a previous price target of $1300 .Shares were Reiterated by The Benchmark Company on May 5, 2016 to “Buy” and Lowered the Price Target to $ 1440 from a previous price target of $1525 .Shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform” and Lowered the Price Target to $ 1600 from a previous price target of $1700 .

On the company’s financial health, Priceline Group Inc reported $10.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.90 according to the earnings call on May 4, 2016. Analyst had a consensus of $9.64. The company had revenue of $2148.00 million for the quarter, compared to analysts expectations of $2122.97 million. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.12 EPS.

Priceline Group Inc opened for trading at $1220 and hit $1248.96 on the upside on Wednesday, eventually ending the session at $1239.41, with a gain of 2.92% or 35.16 points. The heightened volatility saw the trading volume jump to 7,78,492 shares. Company has a market cap of $61,524 M.

In a different news, on May 18, 2016, Gillian Tans (President & CEO, sold 131 shares at $1,281.95 per share price. According to the SEC, on May 12, 2016, Jeffery H Boyd (Interim CEO & President) sold 166 shares at $1,261.54 per share price. On Mar 18, 2016, Daniel J Finnegan (Chief Financial Officer) sold 5,871 shares at $1,341.93 per share price, according to the Form-4 filing with the securities and exchange commission.

The Priceline Group Inc. is a provider of online travel and travel related reservation and search services. The Company through its online travel agent (OTA) services connects consumers wishing to make travel reservations with providers of travel services across the world. The Company’s brands include KAYAK and OpenTable. The Company offers consumers accommodation reservations including hotels bed and breakfasts hostels apartments vacation rentals and other properties through its and brands. Its brand also offers consumers reservations for rental cars airline tickets vacation packages and cruises. The Company offers rental car reservations through its Website The Company also provides an online price comparison service from various travel Websites through KAYAK. OpenTable provides its services to consumers and reservation management services to restaurants.

Priceline Group Inc

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