Piper Jaffray Reiterates Overweight on Priceline (PCLN)

By admin | 6 years ago

Priceline (NASDAQ: PCLN)‘s stock had its “overweight” rating reiterated by investment analysts at Piper Jaffray (NYSE: PJC) in a note issued to investors on Thursday.

Shares of Priceline traded down 0.50% during mid-day trading on Thursday, hitting $677.6978. Priceline has a one year low of $411.26 and a one year high of $774.96. The company has a market cap of $39.287 billion and a P/E ratio of 30.80.

Priceline last issued its quarterly earnings data on Wednesday, May 9th. The company reported $4.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $3.98 by $0.30. Priceline’s revenue was up 28.1% compared to the same quarter last year. On average, analysts predict that Priceline will post $13.08 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. 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.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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