The Priceline Group (NASDAQ:PCLN) Earning Somewhat Favorable Press Coverage, Study Finds
News coverage about The Priceline Group (NASDAQ:PCLN) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. The Priceline Group earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 45.5800532183736 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Analysts Issue Forecasts for The Priceline Group Inc.’s Q4 2017 Earnings (NASDAQ:PCLN) (americanbankingnews.com)
- The Priceline Group Inc. (PCLN) Earns “Buy” Rating from MKM Partners (americanbankingnews.com)
- The Priceline Group Target of Unusually Large Options Trading (PCLN) (techkenyot.com)
- Rule Breaker Psychology: Why It's So Hard to Hold on Through the Dips (finance.yahoo.com)
A number of brokerages recently commented on PCLN. UBS AG reiterated a “buy” rating and issued a $2,100.00 price target (up previously from $1,870.00) on shares of The Priceline Group in a research note on Thursday, May 11th. Royal Bank Of Canada boosted their price objective on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating and issued a $2,250.00 price objective on shares of The Priceline Group in a report on Friday, August 4th. Macquarie boosted their price objective on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the company a “positive” rating in a report on Wednesday, August 9th. Finally, Barclays PLC reissued an “overweight” rating on shares of The Priceline Group in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $1,915.13.
The Priceline Group (PCLN) traded up 1.07% during midday trading on Monday, hitting $1873.95. 486,074 shares of the stock traded hands. The Priceline Group has a 52 week low of $1,392.44 and a 52 week high of $2,067.99. The stock’s 50-day moving average price is $1,950.90 and its 200 day moving average price is $1,815.40. The company has a market capitalization of $91.93 billion, a price-to-earnings ratio of 39.80 and a beta of 1.42.
The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating the Zacks’ consensus estimate of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the business posted $13.93 EPS. The firm’s revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts predict that The Priceline Group will post $74.91 EPS for the current year.
In related news, Director Jan L. Docter sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the completion of the sale, the director now directly owns 346 shares in the company, valued at approximately $642,753.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the sale, the chief executive officer now owns 5,922 shares of the company’s stock, valued at $11,544,761.34. The disclosure for this sale can be found here. Insiders have sold a total of 1,744 shares of company stock valued at $3,245,648 over the last quarter. 0.42% of the stock is currently owned by company insiders.
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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.
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