Priceline Group Inc (PCLN), is an online travel company that offers its customers hotel room reservations at over 295,000 hotels worldwide through the Booking.com, priceline.com and Agoda brands. PCLN is currently trading around $1225.45 in a 52 week range of $1017.28-1378.96 . The company’s stock has been outperforming the NASDAQ this year with shares increasing 7.58% year to date, however shares have traded down 1.68% in the last 3 months.
Third-quarter financial results for PCLN will be available at approximately 7:00 a.m. ET on Tuesday, November 4th. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $1,426.44. Company guidance is in a range of $19.60 to $21.10. The current Street estimate is $21.14.
Looking at the company’s earnings history, PCLN has traded bullish 7 of the last 8 quarters. On average, the stock has moved about 3.8% in the last 8 quarters as a result of earnings releases. This earnings season, market makers are implying about a +- 4.7% move in the stock for the November 7 option chain. PCLN is currently trading under the Ichimoku Cloud on the daily chart, oscillating in and out of the cloud for a few most of the current year.
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