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

Trip.com Group Limited (NASDAQ:TCOM) has been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $74.18.

A number of analysts have commented on the stock. Mizuho increased their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Macquarie lifted their price target on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Barclays upped their price objective on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Citigroup upped their price objective on shares of Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th.

Institutional Trading of Trip.com Group

A number of institutional investors have recently modified their holdings of the stock. FMR LLC increased its stake in shares of Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after purchasing an additional 2,749,365 shares during the last quarter. Sanders Capital LLC boosted its stake in shares of Trip.com Group by 34.7% during the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after purchasing an additional 2,462,767 shares in the last quarter. Capital International Investors increased its stake in shares of Trip.com Group by 0.4% in the first quarter. Capital International Investors now owns 7,941,645 shares of the company’s stock valued at $348,559,000 after buying an additional 29,768 shares during the period. ARGA Investment Management LP boosted its position in Trip.com Group by 46.9% during the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after buying an additional 1,884,044 shares during the period. Finally, Cantillon Capital Management LLC grew its holdings in Trip.com Group by 14.9% during the 3rd quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock worth $289,328,000 after acquiring an additional 629,508 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Performance

TCOM opened at $63.80 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The business’s 50-day simple moving average is $61.99 and its 200 day simple moving average is $52.74. The firm has a market capitalization of $41.09 billion, a PE ratio of 19.10, a PEG ratio of 0.97 and a beta of 0.39. Trip.com Group has a 52-week low of $32.42 and a 52-week high of $69.67.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%. As a group, sell-side analysts expect that Trip.com Group will post 3.29 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.