Stock Update: priceline.com Incorporated (NASDAQ:PCLN) – OpenTable App Redesign Helps Travelers and Locals Discover New Dining Experiences

[PR Newswire] – SAN FRANCISCO, April 27, 2016 /PRNewswire/ — OpenTable, the world’s leading provider of online restaurant reservations and part of The Priceline Group (PCLN), today announced the launch of its redesigned OpenTable iOS app, enabling diners to more easily discover and book great dining experiences, from the hottest new restaurants to neighborhood gems. The redesign features a new Discover tab, which allows traveling and local diners to discover more with a single tap by connecting them to new dining experiences, ranging from trending cuisines and popular restaurants to OpenTable locals’ favorite picks. “Whether you’re landing hungry on the tarmac in a new city or planning a last minute date night in your local neighborhood, OpenTable wants to be the dining concierge in your pocket,” said Christa Quarles, OpenTable Chief Executive Officer. Read more on this. The Priceline Group Inc. (PCLN) , currently valued at $66.95B, ended trading yesterday at $1,333.95. Looking at today’s market, PCLN one day range is $1,327.00 to $1,349.29 with its 52-week range being $954.02 to $1,476.52. PCLN shares are currently priced at 19.20x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.34x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $9.66 per share, which would be $1.54 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $69.46 is a $11.13 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.12 Billion. If reported, that would be a 15.22% increase over the year-ago quarter. More recently, Pacific Crest Initiated PCLN at Sector Weight (Mar 31, 2016). Previously, Goldman downgraded PCLN from Buy to Neutral. The average price target for PCLN shares by the analysts covering it is $1,446.19, which is 0.00% above where the stock opened. See more in (NASDAQ:PCLN) Similar Articles: Company Update: priceline.com Incorporated (NASDAQ:PCLN) – The Priceline Group to Webcast 1st Quarter 2016 Financial Results on May 4th Market Update: priceline.com Incorporated (NASDAQ:PCLN) – OpenTable Reveals 100 Hottest Restaurants in America Stock Update: priceline.com Incorporated (NASDAQ:PCLN) – Priceline unit Booking.com strikes Cuba deal for Americans