Booking (BKNG) Receiving Somewhat Positive Press Coverage, Report Shows

News stories about Booking (NASDAQ:BKNG) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Booking earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 45.1015626791416 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

How to Become a New Pot Stock Millionaire

A number of research analysts have recently weighed in on BKNG shares. Credit Suisse Group upgraded Booking to a “buy” rating in a research report on Wednesday, February 7th. Royal Bank of Canada raised their price objective on Booking to $2,500.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Zacks Investment Research lowered Booking from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. SunTrust Banks restated a “buy” rating on shares of Booking in a research report on Monday, February 26th. Finally, JMP Securities lifted their price target on Booking from $1,950.00 to $2,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Booking currently has a consensus rating of “Buy” and an average target price of $2,065.66.

Shares of NASDAQ:BKNG traded down $49.53 during trading hours on Monday, hitting $2,030.86. 370,607 shares of the company’s stock traded hands, compared to its average volume of 506,818. Booking has a 1 year low of $1,630.56 and a 1 year high of $2,228.99. The firm has a market capitalization of $100,459.10, a PE ratio of 26.36, a price-to-earnings-growth ratio of 1.37 and a beta of 1.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.58 and a quick ratio of 2.58.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, February 27th. The business services provider reported $16.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $14.12 by $2.74. Booking had a return on equity of 21.12% and a net margin of 18.46%. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.70 billion. equities research analysts expect that Booking will post 87.34 EPS for the current fiscal year.

In other news, CEO Gillian Tans sold 123 shares of Booking stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $1,850.86, for a total transaction of $227,655.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey E. Epstein sold 250 shares of Booking stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $2,020.00, for a total transaction of $505,000.00. The disclosure for this sale can be found here. Insiders have sold 4,419 shares of company stock valued at $9,550,806 in the last 90 days. Company insiders own 0.24% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This article was originally published by Enterprise Leader and is the property of of Enterprise Leader. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://theenterpriseleader.com/2018/04/02/booking-bkng-receiving-somewhat-positive-press-coverage-report-shows.html.

About Booking

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.

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.

Leave a Reply