Priceline Group Inc (PCLN) is Upgraded by Barclays to Overweight, Raises Price Target to $ 1500

Priceline Group Inc (PCLN) was Upgraded by Barclays to ” Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 1500 from a previous price target of $1300 . Earlier the firm had a rating of “Equal Weight ” on the company shares. Barclays advised their investors in a research report released on Jun 22, 2016.

Many Wall Street Analysts have commented on Priceline Group Inc. 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 .Shares were Reiterated by UBS on May 5, 2016 to “Buy” and Lowered the Price Target to $ 1475 from a previous price target of $1525 .

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 $1344.35 and hit $1351 on the upside on Tuesday, eventually ending the session at $1343.05, with a gain of 0.08% or 1.09 points. The heightened volatility saw the trading volume jump to 4,53,436 shares. Company has a market cap of $66,668 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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