JPMorgan Chase & Co. Lowers Trip.com Group (NASDAQ:TCOM) Price Target to $62.00

Trip.com Group (NASDAQ:TCOMGet Free Report) had its price target cut by investment analysts at JPMorgan Chase & Co. from $72.00 to $62.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 53.04% from the company’s previous close.

A number of other research firms have also weighed in on TCOM. Bank of America reaffirmed a “buy” rating on shares of Trip.com Group in a research note on Wednesday, July 29th. China Renaissance restated a “hold” rating and issued a $42.00 price target on shares of Trip.com Group in a report on Thursday, July 2nd. Benchmark reiterated a “buy” rating on shares of Trip.com Group in a research note on Tuesday, July 28th. Mizuho cut their price objective on shares of Trip.com Group from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Weiss Ratings lowered Trip.com Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and an average target price of $61.09.

Check Out Our Latest Analysis on Trip.com Group

Trip.com Group Trading Up 0.2%

Shares of NASDAQ TCOM traded up $0.08 during trading hours on Thursday, reaching $40.51. The stock had a trading volume of 560,969 shares, compared to its average volume of 3,446,897. 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 business’s fifty day moving average price is $43.87 and its two-hundred day moving average price is $47.43. The firm has a market cap of $26.32 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 3.13 and a beta of -0.05. 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 posted its quarterly earnings results on Friday, August 14th. The company reported $1.07 earnings per share (EPS) for the quarter. The business had revenue of $2.31 billion for the quarter. Trip.com Group had a return on equity of 16.90% and a net margin of 36.07%. Analysts expect that Trip.com Group will post 3.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Cantillon Capital Management LLC lifted its position in Trip.com Group by 1.4% during the fourth quarter. Cantillon Capital Management LLC now owns 4,669,778 shares of the company’s stock valued at $335,804,000 after acquiring an additional 63,637 shares during the last quarter. Temasek Holdings Private Ltd increased its position in shares of Trip.com Group by 67.1% during the fourth quarter. Temasek Holdings Private Ltd now owns 2,239,671 shares of the company’s stock worth $161,055,000 after purchasing an additional 899,469 shares in the last quarter. Perseverance Asset Management International purchased a new stake in shares of Trip.com Group during the 1st quarter valued at $33,608,000. Triata Capital Ltd lifted its holdings in shares of Trip.com Group by 28.3% during the 4th quarter. Triata Capital Ltd now owns 343,893 shares of the company’s stock valued at $24,729,000 after purchasing an additional 75,793 shares during the last quarter. Finally, ABN Amro Investment Solutions boosted its position in shares of Trip.com Group by 91.5% in the 1st quarter. ABN Amro Investment Solutions now owns 493,968 shares of the company’s stock worth $24,595,000 after purchasing an additional 235,997 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Company Profile

(Get Free Report)

Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in China. Originally founded as Ctrip in 1999, the company has expanded its operations and brands to serve travelers in China and international markets.

Through its Trip.com, Ctrip, Qunar and Skyscanner platforms, Trip.com Group provides hotel and accommodation bookings, transportation reservations, including air, rail and car services, vacation packages, guided tours and other travel-related products.

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

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