Trip.com Group (NASDAQ:TCOM) PT Raised to $63.00 at TD Cowen

Trip.com Group (NASDAQ:TCOM) had its price target upped by investment analysts at TD Cowen from $53.00 to $63.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s target price would suggest a potential upside of 15.60% from the company’s previous close.

TCOM has been the subject of several other reports. Benchmark boosted their target price on shares of Trip.com Group from $55.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday. Mizuho boosted their price objective on Trip.com Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Monday, May 13th. HSBC lifted 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. Finally, Citigroup increased their price target 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. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.30.

Trip.com Group Stock Down 2.4 %

Shares of NASDAQ:TCOM opened at $54.50 on Tuesday. The firm has a market cap of $35.10 billion, a P/E ratio of 24.55 and a beta of 0.52. Trip.com Group has a 52-week low of $30.70 and a 52-week high of $58.00. The business’s 50 day simple moving average is $49.52 and its two-hundred day simple moving average is $41.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.23.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.29. Trip.com Group had a net margin of 22.99% and a return on equity of 10.88%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. As a group, research analysts forecast that Trip.com Group will post 2.53 EPS for the current fiscal year.

Institutional Trading of Trip.com Group

A number of large investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its position in shares of Trip.com Group by 11.4% during the 1st quarter. Lindbrook Capital LLC now owns 3,154 shares of the company’s stock valued at $138,000 after acquiring an additional 323 shares during the period. Cerity Partners LLC grew its holdings in Trip.com Group by 2.8% during the fourth quarter. Cerity Partners LLC now owns 12,071 shares of the company’s stock valued at $435,000 after purchasing an additional 328 shares during the period. Diversified Trust Co increased its position in Trip.com Group by 1.5% in the first quarter. Diversified Trust Co now owns 24,686 shares of the company’s stock worth $1,083,000 after buying an additional 375 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Trip.com Group by 0.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock valued at $1,908,000 after buying an additional 375 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of Trip.com Group by 10.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock valued at $143,000 after buying an additional 402 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Company Profile

Trip.com Group Limited 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.