Trip.com Group Limited (NASDAQ:TCOM – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 16,390,000 shares, an increase of 100.6% from the May 31st total of 8,170,000 shares. Based on an average daily volume of 3,680,000 shares, the days-to-cover ratio is currently 4.5 days.
Analyst Ratings Changes
A number of analysts recently issued reports on TCOM shares. Mizuho upped their target price on Trip.com Group from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Benchmark reissued a “buy” rating and issued a $72.00 target price on shares of Trip.com Group in a research report on Wednesday, June 12th. HSBC upped their target price on Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 12th. CLSA upped their target price on Trip.com Group from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Finally, Citigroup upped their target price on Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.89.
Read Our Latest Stock Analysis on Trip.com Group
Hedge Funds Weigh In On Trip.com Group
Trip.com Group Stock Performance
Trip.com Group stock traded down $0.50 during mid-day trading on Friday, reaching $47.00. 3,632,427 shares of the company were exchanged, compared to its average volume of 3,332,683. The firm has a market cap of $30.27 billion, a PE ratio of 21.17 and a beta of 0.44. The firm’s 50-day simple moving average is $51.61 and its two-hundred day simple moving average is $44.62. Trip.com Group has a twelve month low of $31.55 and a twelve month high of $58.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.15 and a current ratio of 1.15.
Trip.com Group (NASDAQ:TCOM – Get Free Report) last issued its earnings results on Monday, May 20th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.21. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.61 billion. Trip.com Group had a return on equity of 10.73% and a net margin of 22.99%. Equities analysts predict that Trip.com Group will post 2.66 earnings per share 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.
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