RBC Capital Believes PCLN Still Has Room to Grow

By Jason Carr

In a report released today, Andrew Bruckner from RBC Capital reiterated a Buy rating on Priceline.com (NASDAQ: PCLN), with a price target of $1750. The company’s shares opened today at $1429.05, close to its 52-week high of $1501.79.

According to TipRanks.com, Bruckner is a 2-star analyst with an average return of -0.4% and a 42.9% success rate. Bruckner covers the Technology sector, focusing on stocks such as Quotient Technology Inc, Rubicon Technology, and Rubicon Project.

Currently, the analyst consensus on Priceline.com is Strong Buy and the average price target is $1604.23, representing a 12.3% upside.

In a report issued on October 20, Oppenheimer also assigned a Buy rating to the stock with a $1640 price target.

Priceline.com’s market cap is currently $71.15B and has a P/E ratio of 27.40. The company has a book value ratio of 7.6719.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2016, Jeffery Boyd, a Director at PCLN sold 166 shares for a total of $209,416.

The Priceline Group, Inc. is an online travel company, which provides travel and related services. It offers accommodation reservations including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties. The company provide services through Booking.com, priceline.com, agoda.com, KAYAK, rentalcars.com and OpenTable brands. It also allows consumers to easily compare airline ticket, hotel reservation and rental car reservation information from hundreds of travel websites at once through KAYAK. The company was founded by Jay Scott Walker on July 18, 1997 and is headquartered in Norwalk, CT.