Trip.com Group Limited (NASDAQ:TCOM) Receives $62.50 Consensus PT from Brokerages

Trip.com Group Limited (NASDAQ:TCOM) has been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $62.50.

Several equities research analysts have commented on TCOM shares. TD Cowen dropped their target price on Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Benchmark reaffirmed a “buy” rating and set a $72.00 price target on shares of Trip.com Group in a report on Tuesday, August 27th.

Trip.com Group Trading Up 5.9 %

Trip.com Group stock opened at $68.43 on Wednesday. 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 business’s fifty day simple moving average is $47.38 and its two-hundred day simple moving average is $48.85. Trip.com Group has a 12 month low of $31.55 and a 12 month high of $69.67. The company has a market capitalization of $44.08 billion, a price-to-earnings ratio of 30.82 and a beta of 0.41.

Trip.com Group (NASDAQ:TCOM) last released its 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. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. As a group, equities analysts predict that Trip.com Group will post 2.88 earnings per share for the current fiscal year.

Institutional Trading of Trip.com Group

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp increased its position in Trip.com Group by 1,188.0% during the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after acquiring an additional 986 shares during the last quarter. Hilltop National Bank increased its position 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 acquiring an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position 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 last quarter. Clarity Asset Management Inc. purchased a new stake in Trip.com Group during the fourth quarter valued at $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Trip.com Group during the second quarter valued at $66,000. Hedge funds and other institutional investors 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.