What Analyst’s Think About Priceline.com Inc (NASDAQ:PCLN)?

Posted by Kristi Scott January 22, 2014 0 Comment 2097 views

Priceline.com Inc (NASDAQ:PCLN), an emerging online travel company that offers many services out of which the main service  to offer are hotel bookings. Stocks have been enjoying great ratings from independent equity analysts lately. The price of the company’s shares has been raised by pretty much every analyst who has reviewed Priceline.com Inc. and its stock.

Analysts at Evercore Partners have raised the share prices from $1,250 to $1,350 and offered a rating of “overweight” on the stock. UBS AD analysts have also raised the price for the stock from $1,220 to $1,300 and have given a “buy” rating on the stock for Priceline.com Inc. Morgan Stanley set a target price of $1,320 and TheStreet analysts also gave a positive rating on the stock of the company. More than one analyst has also offered up the rating for the stock as a “hold”.  On the other, analysts at Ned Davis Research downgraded the company’s stock to a “neutral” rating from a “buy” rating.

Around 28 analysts recommend the stock as a buy stick and one analyst has issued a rather powerful rating on the stock. The stock for Priceline.com Inc at the moment is rated as a “buy” and the stock price is $1164.9.

Quarterly performance

The company revealed its earnings data in November 2013 most recently where it reported an EPS of $17.30 for the quarter, beating estimates from Thomson Reuters by $1.09. The company had reported net revenue of $2.27 billion for the quarter, which also surpassed consensus estimates of $2.21 billion. Priceline.com Inc (NASDAQ:PCLN) saw a rise in the quarterly revenue by 33.1 per cent as compared to the same quarter in 2012. Average expected earnings for the shares for the company this year are estimated at around $41.1 per share.

About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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