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

Trip.com Group (NASDAQ:TCOM) had its target price upped by investment analysts at Macquarie from $75.40 to $80.80 in a report released on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Macquarie’s price target suggests a potential upside of 28.79% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Sanford C. Bernstein began coverage on shares of Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 price target on the stock. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Tuesday. TD Cowen upped their target price on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Benchmark upped their price objective on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.38.

Trip.com Group Stock Up 2.3 %

TCOM opened at $62.74 on Wednesday. Trip.com Group has a one year low of $31.55 and a one year high of $69.67. The firm has a market capitalization of $40.41 billion, a P/E ratio of 18.78 and a beta of 0.39. 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 fifty day moving average price of $59.93 and a 200-day moving average price of $52.28.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.80 billion. Equities research analysts expect that Trip.com Group will post 2.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

Institutional investors have recently modified their holdings of the stock. RPg Family Wealth Advisory LLC bought a new position in Trip.com Group in the 3rd quarter worth about $38,000. Fifth Third Bancorp raised its holdings in Trip.com Group by 1,188.0% in the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after buying an additional 986 shares during the last quarter. Hilltop National Bank lifted its stake in shares of Trip.com Group by 322.1% in the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after buying an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of 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 buying an additional 489 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Trip.com Group during the second quarter valued at approximately $66,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

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.