Shares of Trip.com Group Limited (NASDAQ:TCOM) have been assigned a consensus rating of "Moderate Buy" from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $36.44.
A number of brokerages recently issued reports on TCOM. Barclays boosted their price target on Trip.com Group from $30.00 to $40.00 in a report on Friday, December 16th. Cowen boosted their price target on Trip.com Group from $30.00 to $40.00 in a report on Friday, January 6th. UBS Group upgraded Trip.com Group from a "neutral" rating to a "buy" rating and upped their target price for the stock from $28.00 to $41.00 in a report on Friday, December 16th. Morgan Stanley upped their target price on Trip.com Group from $32.00 to $40.00 in a report on Thursday, December 15th. Finally, StockNews.com upgraded Trip.com Group from a "sell" rating to a "hold" rating in a report on Thursday, December 15th.
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Institutional Trading of Trip.com Group
A number of institutional investors and hedge funds have recently modified their holdings of the business. Cigna Investments Inc. New boosted its position in shares of Trip.com Group by 5.7% during the third quarter. Cigna Investments Inc. New now owns 10,582 shares of the company's stock valued at $289,000 after buying an additional 570 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of Trip.com Group by 3.0% during the fourth quarter. Yousif Capital Management LLC now owns 20,420 shares of the company's stock valued at $702,000 after buying an additional 600 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of Trip.com Group by 4.1% during the third quarter. Guggenheim Capital LLC now owns 17,817 shares of the company's stock valued at $487,000 after buying an additional 705 shares during the last quarter. Jarislowsky Fraser Ltd boosted its position in shares of Trip.com Group by 0.4% during the second quarter. Jarislowsky Fraser Ltd now owns 238,485 shares of the company's stock valued at $6,546,000 after buying an additional 890 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Trip.com Group during the third quarter valued at $25,000. Institutional investors own 52.13% of the company's stock.
Trip.com Group Stock Up 1.5 %
TCOM opened at $37.53 on Monday. The company has a market cap of $22.50 billion, a P/E ratio of -101.43 and a beta of 0.52. The business's 50-day moving average price is $32.37 and its 200-day moving average price is $28.16. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.16. Trip.com Group has a 12 month low of $14.29 and a 12 month high of $39.01.
Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Wednesday, December 14th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.05 by $0.10. The firm had revenue of $968.00 million for the quarter, compared to the consensus estimate of $922.05 million. Trip.com Group had a positive return on equity of 0.17% and a negative net margin of 8.10%. On average, equities analysts expect that Trip.com Group will post -0.12 EPS for the current year.
About Trip.com Group
Trip.com Group Limited 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.