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

Trip.com Group (NASDAQ:TCOM) had its price objective upped by Macquarie from $75.40 to $80.80 in a research report report published on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently issued reports on the stock. Benchmark lifted their price target on shares of Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Citigroup lifted their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Tuesday, November 19th. Sanford C. Bernstein began coverage on Trip.com Group in a research report on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective for the company. Finally, Hsbc Global Res cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Trip.com Group currently has an average rating of “Buy” and a consensus target price of $74.18.

Trip.com Group Stock Down 2.3 %

NASDAQ TCOM opened at $63.64 on Wednesday. Trip.com Group has a 1-year low of $32.42 and a 1-year high of $69.67. The company has a current ratio of 1.42, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average is $60.97 and its two-hundred day moving average is $52.53. The company has a market capitalization of $40.99 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.10 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 12.04% and a net margin of 31.86%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Equities analysts forecast that Trip.com Group will post 2.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

Several institutional investors have recently modified their holdings of TCOM. GSA Capital Partners LLP bought a new position in Trip.com Group in the third quarter valued at approximately $384,000. Atlas Capital Advisors LLC boosted its position in shares of Trip.com Group by 115.7% in the 2nd quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company’s stock worth $171,000 after purchasing an additional 1,946 shares during the last quarter. LMR Partners LLP bought a new position in shares of Trip.com Group in the 3rd quarter worth $18,435,000. Bayesian Capital Management LP acquired a new stake in shares of Trip.com Group during the first quarter worth $742,000. Finally, Central Asset Investments & Management Holdings HK Ltd bought a new stake in Trip.com Group in the third quarter valued at about $2,615,000. 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.