The Priceline Group (PCLN) Tops Q3 EPS Expectations
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November 10, 2015 7:37 AM EST
In a Q3 where hotel industry occupancy growth y/y was stable compared to Q2 at +3% in Europe, +1% in the Americas, and + 1% in APAC and Expedia organic room nights stayed was also stable at +28%, Priceline's (NASDAQ: PCLN) y/y room nights booked growth slowed by 400 bps vs. Q2.
The company announced that after Q4 it... More
November 9, 2015 3:53 PM EST
Evercore ISI analyst Ken Sena lowered his price target on The Priceline Group (NASDAQ: PCLN) to $1,360.00 (from $1,400.00) following Q3 results which showed lighter booking growth.
Sena commented, "With 21M rooms now instantly bookable (14.4M hotels, 1.8M vacation rentals, and 4.8M multi-room unique properties), PCLN certainly offers scale and booking ease across most all accommodation classes, and of the 21mm bookabale rooms,... More
November 9, 2015 1:26 PM EST
RBC Capital analyst Mark S. Mahaney trimmed his price target on The Priceline Group (NASDAQ: PCLN) to $1,700.00 (from $1,725.00) following a 'beat and lower' quarter but maintained a Outperform rating.
The keys to the quarter, according to Mahaney: (1) Organic Growth Trends Slipping, Tho Still... More
