Market Blog

Libbey, Inc and Priceline may have bullish sentiments today

LBY- Libbey, Inc last closed at $16.35 – (Undervalued)

Libbey is a leading producer of glass tableware and other table top products in the U.S and in Canada. With the news of the Chairman and CEO Stephanie Streeter’s abrupt resignation, and a new CEO – Mr. William Foley being elected by the board members of Libbey, the stock prices plunged down to a new low and closed at $16.35 yesterday. While many analysts have said that Libbey is undervalued at its current price, they have a consensus rating of “Hold” with an average price target of $60.50 Also, a hedge fund, ICON Advisers acquired a new stake in Libbey according to its recent SEC filings. Last quarter, the company reported an EPS of $0.81, beating the Thomson Reuters’ consensus estimate of $0.57.

PCLN – Priceline Group last closed at 1,098.90 – (Bullish)

Priceline is an online travel and travel related reservation and search service provider. It operates Booking.com, priceline.com and agoda.com which provide online accommodation booking, rental cars, airline ticket reservations etc.

After a downgrade to ‘Outperform’ from a ‘strong buy’ by Raymond James, and Insiders like the COO and Tans Gillian and director Boyd Jeffery H selling the stock almost every month since January last year, there have been severe market sentiments for the stock. The market has seen a lot of bearish sentiment for the company which has continued for more than a week.

Despite these tidings, the company presently has an average rating of “Buy” and a consensus target price of $1,467.15. For the previous quarter, the company reported an EPS of reported $25.35, beating the Thomson Reuters’ consensus estimate of $24.23.

Also, today, Priceline Group Inc has been given an “A-” credit rating by Morningstar.

 

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