Booking (NASDAQ:BKNG)‘s stock had its “buy” rating restated by stock analysts at Credit Suisse Group in a research report issued to clients and investors on Friday. They currently have a $2,100.00 price objective on the business services provider’s stock, down from their previous price objective of $2,250.00. Credit Suisse Group’s target price suggests a potential upside of 10.66% from the stock’s current price.
Several other equities research analysts also recently weighed in on BKNG. Piper Jaffray Companies reissued an “overweight” rating and issued a $2,100.00 target price on shares of Booking in a research report on Thursday. Benchmark reissued a “hold” rating on shares of Booking in a research report on Thursday. Stifel Nicolaus downgraded shares of Booking from a “buy” rating to a “hold” rating in a research report on Thursday. SunTrust Banks reissued a “buy” rating and issued a $2,300.00 target price on shares of Booking in a research report on Thursday. Finally, DA Davidson set a $1,990.00 target price on shares of Booking and gave the stock a “hold” rating in a research report on Friday. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Booking currently has a consensus rating of “Buy” and a consensus target price of $2,154.45.
Booking traded down $44.73, hitting $1,897.66, during midday trading on Friday, Marketbeat Ratings reports. 936,037 shares of the stock were exchanged, compared to its average volume of 432,801. The company has a market capitalization of $93.57 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21. Booking has a 1 year low of $1,630.56 and a 1 year high of $2,228.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.14 and a quick ratio of 2.14.
Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 9th. The business services provider reported $20.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $17.34 by $3.33. The company had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.45 billion. Booking had a net margin of 20.07% and a return on equity of 24.14%. The company’s revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $24.39 EPS. analysts forecast that Booking will post 88.65 earnings per share for the current fiscal year.
In other Booking news, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $2,126.07, for a total transaction of $627,190.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.
A number of institutional investors have recently bought and sold shares of BKNG. BlackRock Inc. acquired a new position in Booking during the 1st quarter valued at about $6,448,282,000. Edgewood Management LLC acquired a new stake in shares of Booking in the 1st quarter worth approximately $1,378,227,000. Northern Trust Corp acquired a new stake in shares of Booking in the 1st quarter worth approximately $1,158,506,000. Summit Trail Advisors LLC acquired a new stake in shares of Booking in the 1st quarter worth approximately $458,000. Finally, Brown Advisory Inc. acquired a new stake in shares of Booking in the 1st quarter worth approximately $616,639,000. 91.50% of the stock is owned by hedge funds and other institutional investors.
Booking Holdings Inc, formerly 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.
Featured Story: Investing in Growth Stocks
Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.