Trip.com Group Limited (NASDAQ:TCOM) Receives Consensus Rating of “Moderate Buy” from Brokerages

Trip.com Group Limited (NASDAQ:TCOM) has been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $64.63.

Several equities research analysts have issued reports on the stock. Macquarie upgraded shares of Trip.com Group to a “strong-buy” rating in a research report on Monday, October 7th. Benchmark reissued a “buy” rating and issued a $72.00 target price on shares of Trip.com Group in a research note on Tuesday, August 27th. Citigroup lifted their price target on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, 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.

Trip.com Group Stock Down 1.0 %

Shares of NASDAQ:TCOM opened at $64.40 on Friday. The firm has a fifty day moving average price of $55.21 and a two-hundred day moving average price of $50.91. The company has a market cap of $41.48 billion, a price-to-earnings ratio of 22.52 and a beta of 0.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32. Trip.com Group has a one year low of $31.55 and a one year high of $69.67.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share (EPS) 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 analyst estimates of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. Analysts anticipate that Trip.com Group will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Trip.com Group

A number of hedge funds have recently modified their holdings of the company. Fifth Third Bancorp grew its stake in shares of 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 purchasing an additional 986 shares during the last quarter. Hilltop National Bank increased its stake in shares of Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after buying an additional 876 shares during the period. Benjamin F. Edwards & Company Inc. raised 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 acquiring an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Trip.com Group in the second quarter worth $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Trip.com Group in the second quarter valued at $74,000. 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.