Brokerage Analysts Take Aim at The Priceline Group Inc. (NASDAQ:PCLN)

Sell-side Wall Street brokerages have given a target price of $1690.384 on shares of The Priceline Group Inc. (NASDAQ:PCLN). In total, there are 13 sell-side firms taken into consideration in order to arrive at the consensus, which is a short-term projection.  Wall Street analysts have in-depth knowledge and access to senior management within a firm and few outsiders know a company better.  

Using technical analysis, analysts and traders may use previous support and resistance levels to help determine a realistic target. Price target estimates may vary drastically from analyst to analyst. The highest current target price estimate provided by analysts polled by Zacks Research stands at $1900. The lowest target price estimate from these same analysts is $1500. Zacks research also provides calculated recommendations from sell-side analysts that cover the stock. These recommendations fall within a simplified scale provided by Zacks Research. Using information provided from various analysts, Zacks Research lists shares of The Priceline Group Inc. with an ABR of 1.64. This number is based on a recommendation scale where the ratings range from a 1 to a 5. Following this scale, a 1 would indicate a Strong Buy while a 5 would indicate a Strong Sell.

We can also take a look at some company earnings per share or EPS information. Earnings per share is the segment of profit for a company that is allocated to every outstanding share of a company’s common stock. Earnings per share numbers can serve as an indicator for the profitability of a certain company. EPS is widely considered to be one of the most important factors when evaluating the price of a share. A Zacks consensus currently shows Street analysts projecting the company to post per share earnings of $12.98. For the period ending 2016-09-30, The Priceline Group Inc. reported actual EPS of $30.94. This number was $2.54 away from analyst predictions, providing a surprise factor of 8.94%. The company is expected to next release earnings on or around 2017-02-15.

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