The Priceline Group (PCLN) : The consensus on The Priceline Group (PCLN) based on 20 analyst recommendation on the company stock is 1.8, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
The Priceline Group (PCLN) : Average target price received by The Priceline Group (PCLN) is $1503 with an expected standard deviation of $210.7. The most aggressive target on the stock is $1700, whereas the most downbeat target is $790. 15 financial analysts are currently covering the stock.
Also, Equity analysts at the Brokerage firm Evercore ISI Group upgrades its rating on The Priceline Group (NASDAQ:PCLN). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The Analysts at Evercore ISI Group raises the price target from $1.35K per share to $1.65K per share. The rating by the firm was issued on August 18, 2016.
The Priceline Group (NASDAQ:PCLN): After opening at $1431.98, the stock dipped to an intraday low of $1426.16 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $1458.91 and the buying power remained strong till the end. The stock closed at $1457.22 for the day, a gain of 1.95% for the day session. The total traded volume was 733,999. The stocks close on the previous trading day was $1429.38.
The Priceline Group Inc. is a provider of online travel and travel related reservation and search services. The Company, through its online travel agent (OTA) services, connects consumers wishing to make travel reservations with providers of travel services across the world. The Companys brands include Booking.com, KAYAK, agoda.com, rentalcars.com and OpenTable. The Company offers consumers accommodation reservations, including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties, through its Booking.com, priceline.com and agoda.com brands. Its priceline.com brand also offers consumers reservations for rental cars, airline tickets, vacation packages and cruises. The Company offers rental car reservations through its Website rentalcars.com. The Company also provides an online price comparison service from various travel Websites through KAYAK. OpenTable provides its services to consumers and reservation management services to restaurants.