Trip.com Group Limited (NASDAQ:TCOM) Receives $61.89 Consensus Price Target from Brokerages

Trip.com Group Limited (NASDAQ:TCOM) has earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $61.89.

A number of research firms have issued reports on TCOM. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday, July 19th. Citigroup boosted their price target on Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, April 1st. HSBC raised their price objective on Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Barclays upped their target price on Trip.com Group from $60.00 to $76.00 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Finally, TD Cowen increased their target price on Trip.com Group from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TCOM. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Trip.com Group by 90.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock valued at $34,000 after purchasing an additional 452 shares in the last quarter. Fifth Third Bancorp boosted its position in Trip.com Group by 1,188.0% in the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after buying an additional 986 shares in the last quarter. Hilltop National Bank grew its stake in shares of Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after buying an additional 876 shares during the last quarter. Clarity Asset Management Inc. acquired a new position in shares of Trip.com Group during the fourth quarter worth $66,000. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Trip.com Group during the first quarter worth $74,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $46.26 on Friday. The firm has a market cap of $29.80 billion, a P/E ratio of 20.84 and a beta of 0.42. The business’s 50 day moving average is $50.41 and its 200-day moving average is $46.35. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.07. Trip.com Group has a 1-year low of $31.55 and a 1-year high of $58.00.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Monday, May 20th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.21. Trip.com Group had a return on equity of 10.73% and a net margin of 22.99%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Equities research analysts predict that Trip.com Group will post 2.89 earnings per share for the current year.

About Trip.com Group

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.