When Priceline Group (PCLN) reports second-quarter results after the markets close on Thursday, the travel site will likely see near-term headwinds coming into play.
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The Priceline Group (PCLN): Currently there are 15 street experts covering The Priceline Group (PCLN) stock.
Priceline also said it logged a 19% year-over-year jump in gross travel bookings, which came at at almost $18 billion for the second quarter, as more people used its sites to book summer vacations. During the same quarter in the previous year, the company posted $12.45 EPS.
In the liquidity ratio analysis; The Priceline Group Inc.’s (PCLN) debt to equity ratio was 0.00 while current ratio was 2.40. (NASDAQ:PCLN) traded up 0.984% during midday trading on Wednesday, hitting $1358.615.
The stock is now trading at a distance of 8.06% from 20-day simple moving average.
The Priceline Group Inc. has a 1-year low of $954.02 and a 1-year high of $1,476.52. (NASDAQ:PCLN) reported Q2 EPS of $13.93, $1.24 better than the analyst estimate of $12.69. During the same period a year ago, the company posted $12.45 EPS. Analysts projected $2.6 billion. The Norwalk, Connecticut-based company is looking for a new chief executive officer after Darren Huston resigned in April because he broke Priceline’s code of conduct by having a personal relationship with an employee.
Share prices often make a move on analyst ratings upgrades and price target changes.
However, if PCLN trades at or below $1,200 ahead of expiration, you could be assigned 100 shares of PCLN stock at $1,200 each for each put contract sold. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,525.00 price target (down previously from $1,550.00) on shares of The Priceline Group in a research report on Thursday, May 5th.
According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. BlueMountain Capital Management LLC now owns 81 shares of the company’s stock worth $104,000 after buying an additional 32 shares in the last quarter. The sell side also maintained its Price Target of $1,600 for the stock. Despite strong earnings and optimism over the coming quarter, it is hard for investors to buy shares in a company which have experienced a parabolic rise of this magnitude. Cornerstone Advisors Inc. raised its stake in The Priceline Group by 17.1% in the second quarter.
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Priceline runs a portfolio of online properties including Priceline.com, Booking.com, Kayak.com and OpenTable. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world.
