Trip.com Group Limited (NASDAQ:TCOM – Get Free Report) shares gapped up before the market opened on Thursday after Citigroup raised their price target on the stock from $66.00 to $72.00. The stock had previously closed at $62.39, but opened at $64.90. Citigroup currently has a buy rating on the stock. Trip.com Group shares last traded at $64.16, with a volume of 1,026,637 shares trading hands.
TCOM has been the subject of several other research reports. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Hsbc Global Res downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. TD Cowen dropped their target price on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. HSBC downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Benchmark reissued a “buy” rating and issued a $72.00 price target on shares of Trip.com Group in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and an average price target of $64.63.
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Trip.com Group Price Performance
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 stock has a market capitalization of $41.89 billion, a price-to-earnings ratio of 22.74 and a beta of 0.41. The business’s fifty day moving average price is $49.64 and its 200-day moving average price is $49.50.
Trip.com Group (NASDAQ:TCOM – Get Free Report) last released its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. On average, research analysts forecast that Trip.com Group Limited will post 2.93 EPS for the current year.
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.
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