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

Shares of Trip.com Group Limited (NASDAQ:TCOM) have received an average rating of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $61.89.

A number of equities analysts have commented on TCOM shares. Benchmark reissued a “buy” rating and issued a $72.00 price target on shares of Trip.com Group in a research note on Wednesday, June 12th. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Thursday. HSBC boosted their price objective on shares of Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Citigroup boosted their price objective on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, TD Cowen boosted their price objective on shares of Trip.com Group from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC raised its holdings in Trip.com Group by 11.4% in the 1st quarter. Lindbrook Capital LLC now owns 3,154 shares of the company’s stock worth $138,000 after purchasing an additional 323 shares in the last quarter. Cerity Partners LLC raised its holdings in Trip.com Group by 2.8% in the 4th quarter. Cerity Partners LLC now owns 12,071 shares of the company’s stock worth $435,000 after purchasing an additional 328 shares in the last quarter. Diversified Trust Co raised its holdings in Trip.com Group by 1.5% in the 1st quarter. Diversified Trust Co now owns 24,686 shares of the company’s stock worth $1,083,000 after purchasing an additional 375 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in 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 purchasing an additional 375 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Trip.com Group by 10.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock worth $143,000 after purchasing an additional 402 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Price Performance

TCOM stock opened at $47.00 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.15 and a quick ratio of 1.15. Trip.com Group has a one year low of $31.55 and a one year high of $58.00. The stock has a market cap of $30.27 billion, a PE ratio of 21.17 and a beta of 0.44. The firm has a 50 day simple moving average of $51.61 and a two-hundred day simple moving average of $44.62.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Monday, May 20th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.21. Trip.com Group had a net margin of 22.99% and a return on equity of 10.73%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.61 billion. On average, analysts predict that Trip.com Group will post 2.66 EPS for the current fiscal 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.