Trip.com Group’s (TCOM) Hold Rating Reiterated at China Renaissance

Trip.com Group (NASDAQ:TCOM)‘s stock had its “hold” rating reissued by stock analysts at China Renaissance in a research report issued on Thursday,Benzinga reports. They currently have a $42.00 target price on the stock. China Renaissance’s target price indicates a potential upside of 2.24% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Nomura decreased their target price on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating for the company in a report on Friday, June 26th. Weiss Ratings downgraded shares of Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Bank of America reduced their price target on shares of Trip.com Group from $78.00 to $64.00 and set a “buy” rating for the company in a research report on Monday. Zacks Research cut shares of Trip.com Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Benchmark dropped their price objective on shares of Trip.com Group from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $63.20.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $41.08 on Thursday. The business has a fifty day moving average of $48.43 and a 200 day moving average of $55.65. Trip.com Group has a 1 year low of $38.04 and a 1 year high of $78.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $26.68 billion, a price-to-earnings ratio of 6.43, a price-to-earnings-growth ratio of 3.05 and a beta of -0.03.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS. As a group, research analysts expect that Trip.com Group will post 3.27 earnings per share for the current year.

Institutional Investors Weigh In On Trip.com Group

Several hedge funds have recently bought and sold shares of TCOM. Brown Brothers Harriman & Co. grew its stake in shares of Trip.com Group by 237.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock worth $29,000 after purchasing an additional 280 shares during the period. TD Private Client Wealth LLC acquired a new position in shares of Trip.com Group in the 4th quarter valued at $31,000. Caitong International Asset Management Co. Ltd boosted its holdings in Trip.com Group by 601.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after buying an additional 475 shares in the last quarter. NewEdge Advisors LLC grew its position in Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after buying an additional 450 shares during the period. Finally, First Horizon Corp grew its position in Trip.com Group by 69.3% during the first quarter. First Horizon Corp now owns 611 shares of the company’s stock valued at $30,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Company Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.