Why The Priceline Group Inc. (NASDAQ:PCLN) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $1557.71 on The Priceline Group Inc. (NASDAQ:PCLN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $68.70 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of The Priceline Group Inc. (NASDAQ:PCLN) stands at 26.78.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For The Priceline Group Inc. , the PEG ratio for coming 3-5 years is 1.28.

Technical Analysis

The technical analysis highlights that The Priceline Group Inc. current is trading $79.64 points away or +6.00% from its 50-day moving average of $1328.34. Further it is trading $126.25 or +9.85% away its 200-day moving average of $1281.73.

The 52-week high of The Priceline Group Inc. (NASDAQ:PCLN) was $1476.52 while lowest point recorded in 52-week was $954.02. It implies if stock price makes a movement of over $-68.54, it will record a new 52-week high. In the case of +47.58% drop, it will touch a new 52-week low.

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