Trip.com Group (NASDAQ:TCOM) Stock Rating Lowered by Zacks Research

Trip.com Group (NASDAQ:TCOMGet Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Several other brokerages have also recently weighed in on TCOM. 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 research report on Thursday, June 25th. Barclays cut their price objective on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, June 26th. Citigroup decreased their target price on shares of Trip.com Group from $82.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. Weiss Ratings cut shares of Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. Finally, Bank of America cut their price target on shares of Trip.com Group from $78.00 to $64.00 and set a “buy” rating for the company in a report on Monday. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Trip.com Group has an average rating of “Moderate Buy” and an average target price of $65.56.

Get Our Latest Stock Analysis on Trip.com Group

Trip.com Group Stock Performance

TCOM opened at $41.08 on Tuesday. Trip.com Group has a twelve month low of $38.04 and a twelve month high of $78.99. The firm has a market capitalization of $26.68 billion, a PE ratio of 6.43, a PEG ratio of 3.05 and a beta of -0.03. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.06. The firm’s 50-day moving average price is $48.43 and its 200 day moving average price is $55.65.

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

Institutional Investors Weigh In On Trip.com Group

Several institutional investors and hedge funds have recently modified their holdings of TCOM. Royal Bank of Canada lifted its stake in Trip.com Group by 22.9% during the 1st quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock worth $2,068,000 after acquiring an additional 6,062 shares in the last quarter. NewEdge Advisors LLC grew its position in Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after acquiring an additional 450 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Trip.com Group by 332.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock worth $2,549,000 after purchasing an additional 30,819 shares during the period. EverSource Wealth Advisors LLC increased its stake in Trip.com Group by 44.2% during the second 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 period. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Trip.com Group during the second quarter worth about $215,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

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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