Piper Jaffray Boosts Price Target on Priceline (PCLN)

By admin | 6 years ago

Analysts at Piper Jaffray (NYSE: PJC) upped their price target on shares of Priceline (NASDAQ: PCLN) to $881.00 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 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. Separately, analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of Priceline in a research note to investors on Monday. Finally, 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.

Priceline traded down 0.84% on Thursday, hitting $675.39. Priceline has a 1-year low of $411.26 and a 1-year high of $774.96. The company has a market cap of $39.154 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 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 $13.08 EPS next quarter.

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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