Barclays Boosts Trip.com Group (NASDAQ:TCOM) Price Target to $84.00

Trip.com Group (NASDAQ:TCOM) had its price objective lifted by investment analysts at Barclays from $76.00 to $84.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 33.89% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Citigroup upped their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Hsbc Global Res cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Mizuho boosted their price target on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Sanford C. Bernstein began coverage on Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective on the stock. Finally, HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.18.

Trip.com Group Stock Performance

Shares of TCOM opened at $62.74 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32. The company’s fifty day moving average price is $59.93 and its 200 day moving average price is $52.28. The company has a market capitalization of $40.41 billion, a PE ratio of 18.78 and a beta of 0.39. Trip.com Group has a one year low of $31.55 and a one year high of $69.67.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. As a group, analysts expect that Trip.com Group will post 2.93 earnings per share for the current year.

Hedge Funds Weigh In On Trip.com Group

A number of institutional investors and hedge funds have recently bought and sold shares of TCOM. Mitsubishi UFJ Trust & Banking Corp lifted its position in 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 buying an additional 375 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Trip.com Group by 10.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 33,512 shares of the company’s stock valued at $1,471,000 after purchasing an additional 3,196 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in Trip.com Group by 4.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 237,368 shares of the company’s stock worth $10,434,000 after purchasing an additional 10,689 shares during the last quarter. Natixis lifted its holdings in Trip.com Group by 50.9% during the 1st quarter. Natixis now owns 28,960 shares of the company’s stock worth $1,271,000 after buying an additional 9,763 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in Trip.com Group by 29.5% in the 1st quarter. Advisors Asset Management Inc. now owns 2,692 shares of the company’s stock valued at $118,000 after buying an additional 613 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

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.