Stock analysts at RBC Capital boosted their target price on shares of priceline.com (NASDAQ:PCLN) from $1,110.00 to $1,300.00 in a report issued on Friday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target suggests a potential upside of 21.13% from the stock’s previous close.
Shares of priceline.com (NASDAQ:PCLN) traded up 4.92% on Friday, hitting $1073.20. 1,924,598 shares of the company’s stock traded hands. priceline.com has a 1-year low of $597.15 and a 1-year high of $1098.70. The stock has a 50-day moving average of $1038.43 and a 200-day moving average of $904.1. The company has a market cap of $55.270 billion and a price-to-earnings ratio of 33.63. priceline.com also saw some unusual options trading on Thursday. Stock traders purchased 32,080 call options on the company. This represents an increase of 136% compared to the typical daily volume of 13,583 call options.
priceline.com (NASDAQ:PCLN) last released its earnings data on Thursday, November 7th. The company reported $17.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $16.21 by $1.09. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the prior year, the company posted $12.40 earnings per share. The company’s quarterly revenue was up 33.1% on a year-over-year basis. On average, analysts predict that priceline.com will post $39.89 earnings per share for the current fiscal year.
PCLN has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of priceline.com from $1,100.00 to $1,200.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of priceline.com from $1,130.00 to $1,210.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Finally, analysts at JMP Securities raised their price target on shares of priceline.com from $1,110.00 to $1,165.00 in a research note to investors on Friday. Three research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. priceline.com has a consensus rating of “Buy” and an average target price of $1,140.15.
Priceline Com Incorporated, is an online travel company that offers its customers hotel room reservations at over 295,000 hotels worldwide through the Booking.
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