Priceline Group (PCLN) Stock Rating Upgraded by Credit Suisse Group
A number of other equities research analysts also recently commented on the stock. Deutsche Bank reaffirmed a hold rating and issued a $2,050.00 target price on shares of Priceline Group in a research report on Tuesday, October 24th. Piper Jaffray Companies reaffirmed an overweight rating and issued a $2,000.00 target price on shares of Priceline Group in a research report on Tuesday, November 7th. Barclays reaffirmed a buy rating and issued a $2,150.00 target price on shares of Priceline Group in a research report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Priceline Group from a hold rating to a sell rating in a research report on Tuesday, January 2nd. Finally, Stifel Nicolaus cut their price objective on shares of Priceline Group from $2,100.00 to $2,000.00 and set a buy rating for the company in a research report on Tuesday, November 7th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Priceline Group currently has a consensus rating of Buy and an average target price of $2,025.31.
Shares of Priceline Group (NASDAQ:PCLN) opened at $1,765.00 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52. Priceline Group has a 1 year low of $1,612.41 and a 1 year high of $2,067.99. The company has a market cap of $86,079.05, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 1.31 and a beta of 1.38.
Institutional investors have recently modified their holdings of the stock. Horan Capital Advisors LLC. bought a new position in Priceline Group in the 3rd quarter worth $103,000. SeaCrest Wealth Management LLC bought a new position in Priceline Group in the 4th quarter worth $123,000. Mountain Capital Investment Advisors Inc bought a new position in Priceline Group in the 2nd quarter worth $133,000. Crewe Advisors LLC bought a new position in Priceline Group in the 4th quarter worth $176,000. Finally, Fieldpoint Private Securities LLC boosted its holdings in Priceline Group by 626.7% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 109 shares of the business services provider’s stock worth $200,000 after buying an additional 94 shares during the period. 93.97% of the stock is owned by institutional investors.
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About 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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