Somewhat Negative News Coverage Somewhat Unlikely to Affect The Priceline Group (PCLN) Stock Price
News articles about The Priceline Group (NASDAQ:PCLN) have trended somewhat negative this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Priceline Group earned a news impact score of 0.00 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 46.2826333979375 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- What Do Analysts Think About The Priceline Group Inc’s (PCLN) Future? (finance.yahoo.com)
- Expedia, Priceline shares fall as MKM turns cautious – MarketWatch (marketwatch.com)
- The Priceline Group (PCLN) Stock Rating Lowered by MKM Partners (americanbankingnews.com)
- Trip Canceled: MKM Partners Downgrades Priceline On Near-Term Concerns (finance.yahoo.com)
- Business travel could be big in 2018, and these companies would lose out (finance.yahoo.com)
Shares of The Priceline Group (NASDAQ:PCLN) traded up $0.22 during trading hours on Friday, reaching $1,719.84. The company had a trading volume of 382,643 shares, compared to its average volume of 444,130. The Priceline Group has a 1 year low of $1,459.49 and a 1 year high of $2,067.99. The company has a market cap of $83,876.59, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 1.36 and a beta of 1.40. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52.
Several research firms have recently issued reports on PCLN. MKM Partners downgraded The Priceline Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $2,225.00 to $1,850.00 in a research note on Thursday. Argus downgraded The Priceline Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $1,459.49 to $1,739.71 in a research note on Friday, December 1st. They noted that the move was a valuation call. KeyCorp reiterated a “hold” rating on shares of The Priceline Group in a research note on Thursday, November 16th. Barclays reiterated an “overweight” rating on shares of The Priceline Group in a research note on Tuesday, November 7th. Finally, UBS reiterated a “neutral” rating on shares of The Priceline Group in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. The Priceline Group has a consensus rating of “Buy” and an average price target of $2,002.06.
In other The Priceline Group news, Director Jan L. Docter sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the completion of the transaction, the director now owns 142 shares of the company’s stock, valued at approximately $250,561.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gillian Tans sold 123 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total value of $211,040.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,567 shares of company stock valued at $2,790,353. Insiders own 0.24% of the company’s stock.
WARNING: “Somewhat Negative News Coverage Somewhat Unlikely to Affect The Priceline Group (PCLN) Stock Price” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/12/10/somewhat-negative-news-coverage-somewhat-unlikely-to-affect-the-priceline-group-pcln-stock-price.html.
About The Priceline Group
The Priceline Group Inc is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.
Receive News & Stock Ratings for The Priceline Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Priceline Group Inc. and related stocks with our FREE daily email newsletter.