Market Update: priceline.com Incorporated (NASDAQ:PCLN) – France Goes After Priceline Group for Unpaid Taxes
June 06, 2016 at 13:35 PM EDT
[at Investopedia] – While it’s usually the biggest technology players that find themselves dealing with overseas regulators, Priceline Group (NASDAQ: PCLN) now finds itself in the crosshairs of tax authorities in France. … Read more on this. The Priceline Group Inc. (PCLN) , with a current value of $66.97B, ended trading at $1,301.71. During the trading session, PCLN traded between $1,299.08 to $1,351.74 with a one year range of $954.02 to $1,476.52. Priced at 19.05x this year’s forecasted earnings, PCLN shares are relatively expensive compared to the industry’s 12.69x forward p/e ratio. Consensus earnings for the current quarter by the 27 sell-side analysts covering the stock is an estimate of $12.62 per share, which would be $0.17 better than the year-ago quarter and a $2.32 sequential decrease. The full-year EPS estimate is $67.08 which would be a $8.75 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.59 Billion. If realized, that would be a 13.60% increase over the year-ago quarter. Recently, Guggenheim upgraded PCLN from Neutral to Buy (May 4, 2016). Previously, Pacific Crest Initiated PCLN at to Sector Weight. Investors should keep in mind is that the average price target is $1,449.42, which is 0.00% above where the stock opened this morning. See more in (NASDAQ:PCLN) Similar Articles: Company Update: priceline.com Incorporated (NASDAQ:PCLN) – The Priceline Group to Webcast 1st Quarter 2016 Financial Results on May 4th 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