Trip.com Group (NASDAQ:TCOM) Receives “Hold” Rating from China Renaissance

Trip.com Group (NASDAQ:TCOMGet Free Report)‘s stock had its “hold” rating reaffirmed by research analysts at China Renaissance in a note issued to investors on Thursday,Benzinga reports. They presently have a $42.00 price target on the stock. China Renaissance’s price objective would indicate a potential upside of 2.24% from the stock’s current price.

A number of other brokerages have also recently weighed in on TCOM. Citigroup decreased their price objective on Trip.com Group from $82.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, June 25th. Nomura cut their target price on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating on the stock in a research note on Friday, June 26th. Barclays reduced their target price on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, June 26th. Weiss Ratings lowered shares of Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. Finally, Benchmark lowered their price target on shares of Trip.com Group from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $63.20.

Read Our Latest Stock Report on TCOM

Trip.com Group Stock Performance

Shares of NASDAQ:TCOM opened at $41.08 on Thursday. The firm has a 50 day moving average of $48.43 and a 200 day moving average of $55.65. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $26.68 billion, a price-to-earnings ratio of 6.43, a price-to-earnings-growth ratio of 3.05 and a beta of -0.03. Trip.com Group has a 52 week low of $38.04 and a 52 week high of $78.99.

Trip.com Group (NASDAQ:TCOMGet Free Report) last announced its earnings results on Thursday, June 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period last year, the business posted $0.82 EPS. The firm’s revenue was up 17.2% compared to the same quarter last year. On average, sell-side analysts predict that Trip.com Group will post 3.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. grew its stake in shares of Trip.com Group by 237.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock worth $29,000 after acquiring an additional 280 shares during the last quarter. First Horizon Corp raised its position in shares of Trip.com Group by 69.3% in the 1st quarter. First Horizon Corp now owns 611 shares of the company’s stock valued at $30,000 after purchasing an additional 250 shares during the last quarter. TD Private Client Wealth LLC acquired a new stake in Trip.com Group in the 4th quarter worth approximately $31,000. NewEdge Advisors LLC boosted its stake in Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Trip.com Group by 44.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

About Trip.com Group

(Get Free Report)

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.

Further Reading

Analyst Recommendations for Trip.com Group (NASDAQ:TCOM)

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