Trip.com Group (NASDAQ:TCOM) Price Target Increased to $72.00 by Analysts at Citigroup

Trip.com Group (NASDAQ:TCOM) had its target price lifted by Citigroup from $66.00 to $72.00 in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently weighed in on the company. Hsbc Global Res cut Trip.com Group from a strong-buy rating to a hold rating in a research report on Tuesday. Macquarie raised Trip.com Group to a strong-buy rating in a report on Monday. TD Cowen lowered their price objective on shares of Trip.com Group from $63.00 to $56.00 and set a buy rating on the stock in a research report on Tuesday, August 27th. Benchmark restated a buy rating and set a $72.00 price objective on shares of Trip.com Group in a research report on Tuesday, August 27th. Finally, StockNews.com downgraded shares of Trip.com Group from a buy rating to a hold rating in a report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Trip.com Group currently has a consensus rating of Moderate Buy and a consensus price target of $64.63.

Trip.com Group Price Performance

TCOM stock opened at $63.82 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $41.11 billion, a P/E ratio of 22.31 and a beta of 0.41. The business has a 50 day simple moving average of $49.12 and a 200-day simple moving average of $49.36. Trip.com Group has a twelve month low of $31.55 and a twelve month high of $69.67.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.22. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. As a group, equities analysts anticipate that Trip.com Group will post 2.93 EPS for the current year.

Institutional Trading of Trip.com Group

Large investors have recently bought and sold shares of the company. CWM LLC boosted its position in shares of Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $138,000 after buying an additional 220 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of Trip.com Group by 2.6% in the second quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock valued at $647,000 after purchasing an additional 344 shares during the last quarter. Diversified Trust Co increased its stake in shares of Trip.com Group by 1.5% during the 1st quarter. Diversified Trust Co now owns 24,686 shares of the company’s stock worth $1,083,000 after purchasing an additional 375 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Trip.com Group by 0.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock worth $1,908,000 after purchasing an additional 375 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Trip.com Group by 4.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock valued at $500,000 after buying an additional 431 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Company Profile

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.