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Priceline Group Inc. is a popular online travel company that offers discounts on travel, hotel rooms, car rentals, airline tickets, vacation packages, destination services and cruises through Booking.com, priceline.com, Agoda and rentalcars.com
[PostStockWidget stock_valuation="" pricetype="live" manual_date="Dec. 21, 2012, 2:04pm GMT" symbolcodes="'PCLN'" symbolprices="1050" div_align="right"]
Like William Shatner, we think it’s a good deal. Priceline has not had a declining quarter of earnings for last 11 years. They have a strong balance sheet, recognized brand and a solid track record of growing earnings.
Purple Chips 12 -18 month target: $1290.00
LOW VALUATION IN PRICELINE UNDER $1050.00 (PCLN-US, $1040.70) HALF POSITION
PURPLE CHIPS TARGET: $1290.00 POSITION SIZE: HALF (2.5%) P/E: 22.8X DIV: Nil MKT CAP: $55B Cash: $5B RETURN ON CAPITAL: 37.8% EARNINGS YIELD: 5.4% 5 YR EPS Growth rate*:37.9% P/E/G Ratio: 0.6X 2014 EPS: $46.47 2015 EST.: $64.85 2016 EST.: $77.89
*Blended growth rate= 2/3 historical (5yrs), 1/3 forward.
