Benchmark Co. Boosts Priceline Earnings Estimates (PCLN)

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Benchmark Co. upped their EPS estimates on shares of Priceline (NASDAQ: PCLN) in a research note issued on Thursday. The firm currently has a “buy” rating and a $840.00 price target on the company’s shares.

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PCLN has been the subject of a number of other recent research reports. Analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of Priceline in a research note to investors on Monday. Separately, analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of Priceline to $810.00 in a research note to investors on Monday. Finally, analysts at Nomura (NYSE: NMR) upgraded shares of Priceline from a “reduce” rating to a “neutral” rating in a research note to investors on Monday. They now have a $725.00 price target on the stock.

Priceline traded down 0.67% on Thursday, hitting $676.55. Priceline has a 1-year low of $411.26 and a 1-year high of $774.96. The company has a market cap of $39.221 billion and a price-to-earnings ratio of 30.80.

Priceline last released its earnings data on Wednesday, May 9th. The company reported $4.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.98 by $0.30. The company’s quarterly revenue was up 28.1% on a year-over-year basis. Analysts expect that Priceline will post $13.08 EPS next quarter.

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priceline.com Incorporated is an online travel company that offers its customers hotel room reservations at over 210,000 hotels worldwide through the Booking.

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