Barclays Forecasts Strong Price Appreciation for Trip.com Group (NASDAQ:TCOM) Stock

Trip.com Group (NASDAQ:TCOM) had its price objective boosted by investment analysts at Barclays from $76.00 to $84.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 28.76% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Sanford C. Bernstein initiated coverage on shares of Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 target price on the stock. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Tuesday. Citigroup lifted their price target on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Mizuho upped their price objective 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. Finally, StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Trip.com Group presently has an average rating of “Buy” and a consensus target price of $74.18.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $65.24 on Wednesday. The firm has a market cap of $42.02 billion, a PE ratio of 19.53 and a beta of 0.39. Trip.com Group has a 12 month low of $32.42 and a 12 month high of $69.67. The company’s fifty day simple moving average is $60.64 and its 200-day simple moving average is $52.46. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of 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 purchasing an additional 375 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position 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 worth $1,471,000 after purchasing an additional 3,196 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in Trip.com Group by 4.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 237,368 shares of the company’s stock valued at $10,434,000 after purchasing an additional 10,689 shares in the last quarter. Natixis raised its stake in Trip.com Group by 50.9% in the first quarter. Natixis now owns 28,960 shares of the company’s stock valued at $1,271,000 after purchasing an additional 9,763 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Trip.com Group by 29.5% during the first quarter. Advisors Asset Management Inc. now owns 2,692 shares of the company’s stock worth $118,000 after purchasing an additional 613 shares during the period. 35.41% of the stock is owned by institutional investors and hedge funds.

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.