Credit Suisse Reaffirms Outperform Rating on Priceline (PCLN)

By admin | 6 years ago

Priceline (NASDAQ: PCLN)‘s stock had its “outperform” rating restated by analysts at Credit Suisse (NYSE: CS) in a research report issued to clients and investors on Thursday.

PCLN has been the subject of a number of other recent research reports. Analysts at Piper Jaffray (NYSE: PJC) raised their price target on shares of Priceline to $881.00 in a research note to investors on Thursday. Finally, analysts at Benchmark Co. raised their EPS on shares of Priceline in a research note to investors on Thursday. They now have a “buy” rating and a $840.00 price target on the stock.

Priceline opened at 681.11 on Thursday. Priceline has a 52-week low of $411.26 and a 52-week high of $774.96. The company has a market cap of $33.918 billion and a price-to-earnings ratio of 33.02.

Priceline last posted its quarterly earnings results on Wednesday, May 9th. The company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.30. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. Analysts expect that Priceline will post $13.24 EPS next quarter. 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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