Trip.com Group (NASDAQ:TCOM) Stock Price Expected to Rise, Mizuho Analyst Says

Trip.com Group (NASDAQ:TCOM) had its price objective lifted by equities research analysts at Mizuho from $65.00 to $78.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price target indicates a potential upside of 25.64% from the company’s current price.

A number of other brokerages have also recently commented on TCOM. Benchmark reaffirmed a “buy” rating and set a $72.00 price objective on shares of Trip.com Group in a research note on Tuesday, August 27th. Sanford C. Bernstein began coverage on shares of Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective on the stock. Macquarie raised shares of Trip.com Group to a “strong-buy” rating in a research note on Monday, October 7th. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, 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. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Trip.com Group has an average rating of “Moderate Buy” and a consensus target price of $68.33.

Trip.com Group Stock Performance

TCOM opened at $62.08 on Tuesday. Trip.com Group has a 12-month low of $31.55 and a 12-month high of $69.67. 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 firm has a market capitalization of $39.99 billion, a PE ratio of 21.66 and a beta of 0.39. The firm has a 50 day moving average of $58.56 and a two-hundred day moving average of $51.89.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.80 billion. On average, analysts anticipate that Trip.com Group will post 2.93 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of Trip.com Group during the 3rd quarter worth $38,000. Fifth Third Bancorp raised its holdings in Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after buying an additional 986 shares during the period. Hilltop National Bank raised its holdings in Trip.com Group by 322.1% in the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after buying an additional 876 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in Trip.com Group by 72.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after buying an additional 489 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Trip.com Group in the 2nd quarter valued at about $66,000. Hedge funds and other institutional investors 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.