News articles about The Priceline Group (NASDAQ:PCLN) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Priceline Group earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 46.1147862965618 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- The Priceline Group (PCLN) Stock Rating Lowered by MKM Partners (americanbankingnews.com)
- Trip Canceled: MKM Partners Downgrades Priceline On Near-Term Concerns (finance.yahoo.com)
- Business travel could be big in 2018, and these companies would lose out (finance.yahoo.com)
- The Priceline Group (PCLN) and Despegar.com (DESP) Critical Contrast (americanbankingnews.com)
- Delta’s Gain Is Priceline’s Pain (finance.yahoo.com)
PCLN has been the subject of a number of analyst reports. UBS restated a “buy” rating and set a $2,100.00 price objective on shares of The Priceline Group in a research report on Thursday, August 10th. MKM Partners downgraded shares of The Priceline Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $2,225.00 to $1,850.00 in a report on Thursday. Susquehanna Bancshares reaffirmed a “positive” rating and issued a $2,200.00 price target (up previously from $2,150.00) on shares of The Priceline Group in a report on Thursday, August 10th. Barclays reaffirmed an “overweight” rating on shares of The Priceline Group in a report on Wednesday, August 9th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $2,000.00 price objective (down previously from $2,070.00) on shares of The Priceline Group in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The Priceline Group has an average rating of “Buy” and an average price target of $1,998.66.
The Priceline Group (NASDAQ PCLN) traded up $0.58 during mid-day trading on Thursday, hitting $1,719.62. 504,233 shares of the stock were exchanged, compared to its average volume of 458,589. The stock has a market capitalization of $84,121.60, a PE ratio of 23.17, a P/E/G ratio of 1.37 and a beta of 1.40. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68. The Priceline Group has a twelve month low of $1,459.49 and a twelve month high of $2,067.99.
The Priceline Group (NASDAQ:PCLN) last released its earnings results on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, topping analysts’ consensus estimates of $34.31 by $0.91. The Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the previous year, the company earned $29.69 earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. equities research analysts expect that The Priceline Group will post 74.42 earnings per share for the current year.
In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $1,940.00, for a total value of $236,680.00. Following the transaction, the chief executive officer now directly owns 5,555 shares in the company, valued at approximately $10,776,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jan L. Docter sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the completion of the transaction, the director now owns 142 shares in the company, valued at $250,561.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,567 shares of company stock valued at $2,790,353. 0.24% of the stock is owned by corporate 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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