Trip.com Group Limited (NASDAQ:TCOM) Given Average Rating of “Buy” by Analysts

Shares of Trip.com Group Limited (NASDAQ:TCOM) have earned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $74.18.

A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of 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. Barclays lifted their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Citigroup upped their target price on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. TD Cowen lifted their target price on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Mizuho increased 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.

Hedge Funds Weigh In On Trip.com Group

Several large investors have recently added to or reduced their stakes in the business. CWM LLC raised its stake in shares of Trip.com Group by 10.4% in the third quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $138,000 after purchasing an additional 220 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Trip.com Group by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock worth $647,000 after acquiring an additional 344 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Trip.com Group by 0.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock worth $1,908,000 after acquiring an additional 375 shares in the last quarter. Creative Planning raised its holdings in shares of Trip.com Group by 1.7% in the third quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after purchasing an additional 423 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Trip.com Group by 4.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock valued at $500,000 after purchasing an additional 431 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Trading Up 1.4 %

Shares of TCOM stock opened at $63.80 on Thursday. The stock has a 50-day moving average of $61.99 and a 200-day moving average of $52.74. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock has a market cap of $41.09 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 0.97 and a beta of 0.39. Trip.com Group has a 1-year low of $32.42 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 analysts’ consensus estimates of $0.65 by $0.22. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate 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 research analysts forecast that Trip.com Group will post 3.29 earnings per share for the current year.

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.