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

Trip.com Group (NASDAQ:TCOM) had its price target lifted by stock analysts at Macquarie from $75.40 to $80.80 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Macquarie’s price target indicates a potential upside of 28.79% from the company’s current price.

Other analysts have also issued research reports about the company. Hsbc Global Res lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Benchmark increased their target price on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday. TD Cowen lifted their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday. Finally, HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Tuesday. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.38.

Trip.com Group Stock Up 2.3 %

Trip.com Group stock opened at $62.74 on Wednesday. The stock has a fifty day moving average of $59.93 and a 200 day moving average of $52.28. Trip.com Group has a one year low of $31.55 and a one year high of $69.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $40.41 billion, a PE ratio of 18.78 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results 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 net margin of 28.78% and a return on equity of 11.52%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. As a group, sell-side analysts predict that Trip.com Group will post 2.93 EPS for the current year.

Institutional Trading of Trip.com Group

A number of large investors have recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new stake in Trip.com Group during the 3rd quarter valued at about $38,000. Fifth Third Bancorp raised its stake in shares of Trip.com Group by 1,188.0% during the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after acquiring an additional 986 shares in the last quarter. Hilltop National Bank boosted its holdings in shares of Trip.com Group by 322.1% in the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after purchasing an additional 876 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after purchasing an additional 489 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Trip.com Group in the second quarter worth approximately $66,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

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.