The Priceline Group
Travel booking provider The Priceline Group (PCLN) is a rather volatile stock, with a beta of 1.4, but in this stock’s case the volatility over the last year has been purely to the upside, with the stock enjoying major gains over the last 12 months. Year to date the stock is up 24.4%, but so far the stock is showing no signs of slowing down. The stock’s valuation is a bit of a concern, with a P/E of 41.6, but with earnings forecast to rise 12.3% during the current year, and an additional 16.2% in 2018, the stock remains a good bet. Improvements in the overall economy should keep demand strong for both personal and business travel, and Priceline will benefit, and the stock should move higher. PCLN currently trades at $1,838.47, and analysts have a $1,917.33 average price target on the stock.
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