Barclays Issues Positive Forecast for Trip.com Group (NASDAQ:TCOM) Stock Price

Trip.com Group (NASDAQ:TCOM) had its price target increased by Barclays from $76.00 to $84.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts have also recently issued research reports about the company. Hsbc Global Res cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Tuesday, November 19th. TD Cowen boosted their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, 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 for the company. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $74.18.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $63.64 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a market cap of $40.99 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.10 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 50-day moving average price is $60.97 and its two-hundred day moving average price is $52.53.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The company had revenue of $1.76 billion during 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 12.04%. On average, equities analysts anticipate that Trip.com Group will post 2.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCOM. RPg Family Wealth Advisory LLC bought a new stake in Trip.com Group in the third quarter valued at approximately $38,000. Fifth Third Bancorp increased its position in shares of Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after buying an additional 986 shares in the last quarter. Hilltop National Bank raised its stake in Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after buying an additional 876 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings 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 worth $55,000 after acquiring an additional 489 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Trip.com Group in the second quarter valued at about $66,000. Institutional investors own 35.41% of the company’s stock.

About Trip.com Group

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.