Analyst Ratings for Priceline Group Inc. (PCLN)Updated: 2017-07-27
Shares of Priceline Group Inc. (NASDAQ:PCLN) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for PCLN last month.
31 analysts issued ratings on the stock, where 22 gave PCLN a buy rating, 2 gave an overweight rating, 7 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an decrease of 2 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.
Investment analysts gave a few price targets for PCLN. The highest price target was 2250, implying potential capital gains of 11.11 percent. The minimum price target given was 1850, which equates to a potential downside of -8.65 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0.04 percent. That number becomes -6.26 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.3 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -0.66 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
PCLN has an estimated earnings growth rate of 66.67 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. PCLN has a PEG ratio of 0.69.
PCLN has traded between a high of 2043.95 and a low of 1310.00 over the past year. Currently the stock is 54.59 percent higher than its low, and 0.92 percent below the high. PCLN has a P/E ratio of 45.7. Investors typically compare the P/E ratio to a company's peers in the industry. The PCLN value stock report compares PCLN to some of its peers using value stock charts. The market cap of PCLN is $99.97 billion. PCLN's next earnings release will be on 0000-00-00, which is days away.