Priceline Group Inc (PCLN) is Reiterated by RBC Capital Mkts to Outperform, Raises Price Target to $ 1750

Priceline Group Inc (PCLN) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 1750 from a previous price target of $1600 . RBC Capital Mkts advised their investors in a research report released on Oct 7, 2016.

Many Wall Street Analysts have commented on Priceline Group Inc. Company shares were Reiterated by Deutsche Bank on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 1450 from a previous price target of $1330 .Company shares were Reiterated by The Benchmark Company on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 1600 from a previous price target of $1440 .Company shares were Reiterated by Piper Jaffray on Aug 5, 2016 to “Overweight”, Firm has raised the Price Target to $ 1625 from a previous price target of $1500 .

On the company’s financial health, Priceline Group Inc reported $13.93 EPS for the quarter, beating the analyst consensus estimate by $ 1.27 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $12.66. The company had revenue of $2556.00 million for the quarter, compared to analysts expectations of $2592.37 million. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $12.45 EPS.

Priceline Group Inc opened for trading at $1494.35 and hit $1498.83 on the upside on Tuesday, eventually ending the session at $1489.02, with a gain of 0.15% or 2.3 points. The heightened volatility saw the trading volume jump to 3,86,451 shares. Company has a market cap of $73,598 M.

In a different news, on Oct 5, 2016, Jeffery H Boyd (Interim CEO & President) sold 3,000 shares at $1,468.38 per share price. According to the SEC, on Sep 19, 2016, Gillian Tans (President & CEO, Booking.com) sold 130 shares at $1,431.98 per share price. On Sep 9, 2016, Glenn D Fogel (Hd Worldwide Strat & Planning) sold 1,000 shares at $1,434.75 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 Booking.com KAYAK agoda.com rentalcars.com and OpenTable. The Company offers consumers 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 priceline.com brand also offers consumers reservations for rental cars airline tickets vacation packages and cruises. The Company offers rental car reservations through its Website rentalcars.com. 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

Leave a Reply

Priceline Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Priceline Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.