Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $1469.63 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 $67.09 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 24.94. 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 1.26. Technical Analysis The technical analysis highlights that The Priceline Group Inc. current price is trading $-22.38 points away -1.74% from $1289.75, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $1252.60 and, for now, the stock price is trading $14.77 or +1.18% away from that point. 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 $-209.15, it will record a new 52-week high. In the case of $+32.85% points drop, it will touch a new 52-week low.
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