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

Trip.com Group (NASDAQ:TCOM) had its price target hoisted by equities research analysts at Mizuho from $65.00 to $78.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price target suggests a potential upside of 25.64% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. TD Cowen dropped their target price on Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Citigroup boosted their price objective on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Sanford C. Bernstein began coverage on Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective for the company. Benchmark reissued a “buy” rating and set a $72.00 price objective on shares of Trip.com Group in a research report on Tuesday, August 27th. Finally, HSBC downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.33.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $62.08 on Tuesday. The company has a market cap of $39.99 billion, a P/E ratio of 21.66 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 stock has a 50-day moving average of $58.56 and a two-hundred day moving average of $51.89. Trip.com Group has a 1-year low of $31.55 and a 1-year high of $69.67.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. As a group, analysts anticipate that Trip.com Group will post 2.93 EPS for the current 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 the company. RPg Family Wealth Advisory LLC purchased a new stake in Trip.com Group in the third quarter valued at approximately $38,000. Sanders Capital LLC raised its stake in shares of Trip.com Group by 34.7% during the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after purchasing an additional 2,462,767 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of Trip.com Group by 218.1% during the third quarter. Quantbot Technologies LP now owns 16,644 shares of the company’s stock worth $989,000 after purchasing an additional 11,412 shares during the last quarter. FMR LLC raised its stake in shares of Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after purchasing an additional 2,749,365 shares during the last quarter. Finally, DRW Securities LLC purchased a new stake in shares of Trip.com Group during the third quarter worth approximately $1,292,000. 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.