Trip.com Group Limited (NASDAQ:TCOM) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Trip.com Group Limited (NASDAQ:TCOM) have earned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $74.18.

Several research firms have weighed in on TCOM. Macquarie raised their target price on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a report on Wednesday. Benchmark increased their target price on shares of Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday. Citigroup boosted their price objective on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Sanford C. Bernstein began coverage on Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 target price on the stock. Finally, Barclays raised their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday.

Trip.com Group Stock Performance

Shares of Trip.com Group stock opened at $64.79 on Thursday. 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 firm has a market capitalization of $41.73 billion, a P/E ratio of 19.40 and a beta of 0.39. Trip.com Group has a fifty-two week low of $31.55 and a fifty-two week high of $69.67. The company’s 50 day moving average price is $60.28 and its two-hundred day moving average price is $52.37.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results 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. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. On average, equities analysts forecast that Trip.com Group will post 2.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in Trip.com Group during the 3rd quarter valued at about $38,000. Fifth Third Bancorp raised its stake in shares of Trip.com Group by 1,188.0% in the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after buying an additional 986 shares during the period. Hilltop National Bank lifted its holdings in Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after purchasing an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after acquiring an additional 489 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Trip.com Group during the second quarter valued at approximately $66,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

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.