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

Trip.com Group (NASDAQ:TCOM) had its price target lifted by investment analysts at TD Cowen from $56.00 to $71.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s target price indicates a potential upside of 9.58% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Macquarie raised Trip.com Group to a “strong-buy” rating in a research report on Monday, October 7th. Citigroup upped their price objective on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Tuesday. Hsbc Global Res lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a research report on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.18.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $64.79 on Tuesday. Trip.com Group has a 52 week low of $31.55 and a 52 week high of $69.67. The business’s 50 day moving average price is $60.28 and its 200 day moving average price is $52.37. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The firm has a market cap of $41.73 billion, a P/E ratio of 19.40 and a beta of 0.39.

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

Institutional Investors Weigh In On Trip.com Group

Several institutional investors have recently bought and sold shares of the company. CWM LLC lifted its holdings in Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after purchasing an additional 220 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Trip.com Group by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock worth $647,000 after acquiring an additional 344 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in Trip.com Group by 0.9% during the first 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 period. Creative Planning raised its position in shares of Trip.com Group by 1.7% during the 3rd quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after buying an additional 423 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of 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 purchasing an additional 431 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

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.