Mizuho Issues Positive Forecast for Trip.com Group (NASDAQ:TCOM) Stock Price

Trip.com Group (NASDAQ:TCOM) had its price target raised by Mizuho from $65.00 to $78.00 in a research note published on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the company. Benchmark reaffirmed a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a report on Tuesday, August 27th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Hsbc Global Res lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Citigroup lifted their target price on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Sanford C. Bernstein began coverage on Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 target price for the company. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.33.

Trip.com Group Trading Down 3.5 %

Shares of TCOM opened at $59.93 on Tuesday. The business has a 50-day moving average of $58.85 and a 200 day moving average of $51.97. Trip.com Group has a fifty-two week low of $31.55 and a fifty-two week high of $69.67. The firm has a market cap of $38.60 billion, a P/E ratio of 20.95 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. As a group, research analysts forecast that Trip.com Group will post 2.93 EPS for the current year.

Hedge Funds Weigh In On Trip.com Group

A number of hedge funds and other institutional investors have recently made changes to their positions in TCOM. Capital World Investors boosted its position in Trip.com Group by 27.5% in the first quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock worth $2,149,366,000 after purchasing an additional 10,576,028 shares during the last quarter. FMR LLC boosted its position in Trip.com Group by 32.8% in the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after purchasing an additional 2,749,365 shares during the last quarter. Sanders Capital LLC boosted its position in Trip.com Group by 34.7% in the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after purchasing an additional 2,462,767 shares during the last quarter. ARGA Investment Management LP boosted its position in Trip.com Group by 46.9% in the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after purchasing an additional 1,884,044 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its position in Trip.com Group by 4,800.0% in the second quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company’s stock worth $65,767,000 after purchasing an additional 1,370,741 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Company Profile

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.