Macquarie Raises Trip.com Group (NASDAQ:TCOM) Price Target to $80.80

Trip.com Group (NASDAQ:TCOM) had its price objective boosted by investment analysts at Macquarie from $75.40 to $80.80 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Macquarie’s price target would indicate a potential upside of 23.85% from the company’s current price.

TCOM has been the topic of several other reports. Sanford C. Bernstein assumed coverage on Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective on the stock. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Tuesday. Citigroup increased 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. Mizuho raised their price objective on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, TD Cowen upped their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday. Eleven research analysts have rated the stock with 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 “Buy” and an average price target of $74.18.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $65.24 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 has a 50 day moving average price of $60.64 and a 200-day moving average price of $52.46. Trip.com Group has a 1-year low of $32.42 and a 1-year high of $69.67. The firm has a market cap of $42.02 billion, a price-to-earnings ratio of 19.53 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a net margin of 31.86% and a return on equity of 12.40%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Equities research analysts forecast that Trip.com Group will post 2.93 EPS for the current year.

Institutional Trading of Trip.com Group

A number of hedge funds and other institutional investors have recently made changes to their positions in TCOM. Mitsubishi UFJ Trust & Banking Corp grew its position in Trip.com Group by 0.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock worth $1,908,000 after acquiring an additional 375 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Trip.com Group by 10.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 33,512 shares of the company’s stock worth $1,471,000 after purchasing an additional 3,196 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Trip.com Group by 4.7% during 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 raised its holdings in Trip.com Group by 50.9% in the 1st quarter. Natixis now owns 28,960 shares of the company’s stock valued at $1,271,000 after buying an additional 9,763 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in Trip.com Group by 29.5% in the first 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.

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.