Trip.com Group Limited (NASDAQ:TCOM) Receives $35.00 Average PT from Brokerages

Trip.com Group Limited (NASDAQ:TCOMGet Rating) has received a consensus rating of “Buy” from the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $35.00.

A number of analysts recently commented on TCOM shares. Mizuho reduced their price objective on Trip.com Group from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, March 24th. JPMorgan Chase & Co. cut Trip.com Group from an “overweight” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research report on Monday, March 14th. Zacks Investment Research raised Trip.com Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 2nd. Barclays initiated coverage on Trip.com Group in a report on Tuesday, February 8th. They set an “overweight” rating and a $33.00 price target for the company. Finally, CLSA cut their price target on Trip.com Group from $39.00 to $35.00 in a report on Friday, March 25th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its stake in shares of Trip.com Group by 49.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,901 shares of the company’s stock worth $47,000 after acquiring an additional 633 shares during the period. Pinebridge Investments L.P. bought a new position in Trip.com Group during the fourth quarter valued at approximately $52,000. Exane Derivatives bought a new position in Trip.com Group during the first quarter valued at approximately $78,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Trip.com Group by 44.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,015 shares of the company’s stock valued at $122,000 after buying an additional 1,541 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its stake in Trip.com Group by 19.7% during the first quarter. Advisor Group Holdings Inc. now owns 6,496 shares of the company’s stock valued at $152,000 after buying an additional 1,068 shares during the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:TCOM opened at $20.88 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.00. Trip.com Group has a 1 year low of $14.29 and a 1 year high of $42.04. The business has a fifty day moving average price of $22.31 and a two-hundred day moving average price of $25.23.

Trip.com Group (NASDAQ:TCOMGet Rating) last posted its quarterly earnings data on Wednesday, March 23rd. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.29. The company had revenue of $735.00 million during the quarter, compared to analysts’ expectations of $679.36 million. Trip.com Group had a positive return on equity of 0.19% and a negative net margin of 2.87%. During the same quarter in the prior year, the business earned $0.14 earnings per share. As a group, sell-side analysts anticipate that Trip.com Group will post -0.23 EPS for the current fiscal year.

Trip.com Group Company Profile (Get Rating)

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. It 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, including flight delay insurance, air accident insurance, 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.

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Analyst Recommendations for Trip.com Group (NASDAQ:TCOM)

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