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Priceline Group (NASDAQ:PCLN)‘s stock had its “market outperform” rating reaffirmed by Jefferies Group in a research note issued on Tuesday. They currently have a $1,545.00 target price on the stock, up from their previous target price of $1,500.00. Jefferies Group’s price objective would indicate a potential upside of 18.00% from the company’s current price.

The analysts wrote, “Priceline reported another strong qtr with in-line top line and better than expected bottom line. With typical conservatism, mgmt guided below Street as investments for growth continue (online/offline adv, OpenTable and hotel marketing). All businesses performed well despite headwinds for Agoda (civil unrest in SE Asia) and the opaque channel (low inventory). Unit growth decelerated but remained strong in all categories. We reit our Buy and raise PT to $1,545.”

Priceline Group (NASDAQ:PCLN) traded down 0.48% during mid-day trading on Tuesday, hitting $1303.00. 487,813 shares of the company’s stock traded hands. Priceline Group has a 1-year low of $928.80 and a 1-year high of $1378.96. The stock’s 50-day moving average is $1238. and its 200-day moving average is $1227.. The company has a market cap of $68.319 billion and a price-to-earnings ratio of 34.94.

Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Monday, August 11th. The company reported $12.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $12.02 by $0.49. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the company posted $9.70 earnings per share. Priceline Group’s revenue was up 26.4% compared to the same quarter last year. Analysts expect that Priceline Group will post $52.37 EPS for the current fiscal year.

A number of other firms have also recently commented on PCLN. Analysts at JPMorgan Chase & Co. raised their price target on shares of Priceline Group from $1,450.00 to $1,575.00 in a research note on Tuesday. Separately, analysts at Macquarie raised their price target on shares of Priceline Group from $1,500.00 to $1,595.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Priceline Group in a research note on Monday. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $1,429.71.

Priceline Group Inc, formerly Priceline Com Incorporated, is an online travel company that offers its customers hotel room reservations at over 295,000 hotels worldwide through the Booking.

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