The Priceline Group Inc. (PCLN) Stock Rating Reaffirmed by SunTrust Banks, Inc.

SunTrust Banks, Inc. reiterated their buy rating on shares of The Priceline Group Inc. (NASDAQ:PCLN) in a research report report published on Wednesday. They currently have a $2,200.00 price target on the business services provider’s stock.

PCLN has been the topic of several other research reports. Credit Suisse Group restated an outperform rating and set a $2,070.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a research report on Wednesday, August 9th. Needham & Company LLC restated a buy rating on shares of The Priceline Group in a research report on Wednesday, June 21st. Morgan Stanley restated an overweight rating and set a $2,100.00 price target (up previously from $2,050.00) on shares of The Priceline Group in a research report on Monday, October 2nd. UBS AG restated an overweight rating on shares of The Priceline Group in a research report on Thursday, August 24th. Finally, Stifel Nicolaus restated a buy rating and set a $2,100.00 price target on shares of The Priceline Group in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The Priceline Group has an average rating of Buy and an average target price of $1,952.67.

The Priceline Group (NASDAQ:PCLN) traded up 0.44% on Wednesday, hitting $1918.00. 291,219 shares of the company were exchanged. The Priceline Group has a 52 week low of $1,422.19 and a 52 week high of $2,067.99. The company has a market capitalization of $94.10 billion, a P/E ratio of 40.74 and a beta of 1.47. The firm’s 50 day moving average is $1,842.80 and its 200 day moving average is $1,859.42.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The firm’s revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the business earned $13.93 earnings per share. On average, equities research analysts forecast that The Priceline Group will post $74.79 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://transcriptdaily.com/2017/10/08/the-priceline-group-inc-pcln-stock-rating-reaffirmed-by-suntrust-banks-inc.html.

In other The Priceline Group news, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $1,845.97, for a total transaction of $225,208.34. Following the transaction, the chief executive officer now directly owns 5,677 shares of the company’s stock, valued at $10,479,571.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jan L. Docter sold 2,500 shares of The Priceline Group stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the transaction, the director now directly owns 320 shares in the company, valued at $600,288. The disclosure for this sale can be found here. Insiders have sold 2,867 shares of company stock worth $5,384,080 over the last ninety days. 0.24% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Well Done LLC raised its stake in The Priceline Group by 1.2% during the second quarter. Well Done LLC now owns 175 shares of the business services provider’s stock worth $327,000 after purchasing an additional 2 shares during the period. Pinnacle Associates Ltd. raised its stake in The Priceline Group by 0.5% during the second quarter. Pinnacle Associates Ltd. now owns 617 shares of the business services provider’s stock worth $1,154,000 after purchasing an additional 3 shares during the period. LS Investment Advisors LLC raised its stake in The Priceline Group by 0.4% during the second quarter. LS Investment Advisors LLC now owns 906 shares of the business services provider’s stock worth $1,695,000 after purchasing an additional 4 shares during the period. First National Bank of Hutchinson raised its stake in The Priceline Group by 1.0% during the second quarter. First National Bank of Hutchinson now owns 425 shares of the business services provider’s stock worth $857,000 after purchasing an additional 4 shares during the period. Finally, Hedeker Wealth LLC raised its stake in The Priceline Group by 1.0% during the first quarter. Hedeker Wealth LLC now owns 511 shares of the business services provider’s stock worth $909,000 after purchasing an additional 5 shares during the period. 94.45% of the stock is currently owned by institutional investors.

About The Priceline Group

The Priceline Group Inc is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

Analyst Recommendations for The Priceline Group (NASDAQ:PCLN)

Receive News & Ratings for The Priceline Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Priceline Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply