Market Update: priceline.com Incorporated (NASDAQ:PCLN) – OpenTable Reveals 100 Hottest Restaurants in America

[PR Newswire] – SAN FRANCISCO, March 23, 2016 /PRNewswire/ — OpenTable , the world’s leading provider of online restaurant reservations and part of The Priceline Group (NASDAQ: PCLN), today revealed the 100 Hottest … Read more on this. The Priceline Group Inc. (PCLN) , with a current value of $64.85B, finished yesterday at $1,319.41. During the trading session, PCLN traded between $1,300.00 to $1,323.84 and has traded between $954.02 and $1,476.52 over the past year. PCLN shares are currently priced at 19.02x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.98x earnings multiple. In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $9.65 per share, which would be $1.53 better than the year-ago quarter and a $0.16 sequential decrease. The full-year EPS estimate is $69.38, which would be a $11.05 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.12 Billion. If realized, that would be a 15.22% increase over the year-ago quarter. Recently, Goldman downgraded PCLN from Buy to Neutral (Jan 27, 2016). Previously, Wells Fargo Initiated PCLN at to Market Perform. The average price target for PCLN shares by the analysts covering the stock is $1,469.00, which is 0.00% above where the stock opened this morning. See more in (NASDAQ:PCLN) Similar Articles: Market Update: priceline.com Incorporated (NASDAQ:PCLN) – Business Services Equity Movers and Shakers — Fiserv, PRA Group, The Priceline Group, and FleetCor Technologies Market Update: priceline.com Incorporated (NASDAQ:PCLN) – The Priceline Group to Webcast 4th Quarter 2015 Financial Results on February 17th Stock Update: priceline.com Incorporated (NASDAQ:PCLN) – The Priceline Group to Webcast 3rd Quarter 2015 Financial Results on November 9
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