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

Trip.com Group (NASDAQ:TCOM) had its price objective raised by Macquarie from $75.40 to $80.80 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Macquarie’s price target would indicate a potential upside of 23.85% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Benchmark lifted their price objective on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday. Mizuho lifted their price target on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Hsbc Global Res downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Sanford C. Bernstein began coverage on Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 target price for the company. Finally, Citigroup increased their price target 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. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Trip.com Group presently has an average rating of “Buy” and an average target price of $74.18.

Trip.com Group Trading Up 0.7 %

TCOM opened at $65.24 on Wednesday. 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 $42.02 billion, a price-to-earnings ratio of 19.53 and a beta of 0.39. The business has a fifty day moving average price of $60.64 and a 200 day moving average price of $52.46. Trip.com Group has a 12 month low of $32.42 and a 12 month 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, topping analysts’ consensus estimates of $0.65 by $0.22. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Trip.com Group had a net margin of 31.86% and a return on equity of 12.40%. Sell-side analysts expect that Trip.com Group will post 2.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC boosted its stake in shares of Trip.com Group by 115.7% during the 2nd quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company’s stock worth $171,000 after acquiring an additional 1,946 shares in the last quarter. LMR Partners LLP purchased a new stake in Trip.com Group during the third quarter worth $18,435,000. Bayesian Capital Management LP acquired a new stake in Trip.com Group in the first quarter valued at $742,000. Central Asset Investments & Management Holdings HK Ltd purchased a new position in Trip.com Group during the 3rd quarter valued at about $2,615,000. Finally, Varma Mutual Pension Insurance Co purchased a new position in Trip.com Group during the 2nd quarter valued at about $2,914,000. 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.