Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Stock Has Average Price Target of $60.45 According to Brokerages

Key Points

• Trip.com Group has a “Moderate Buy” consensus rating from 14 analysts, with eight buys, one strong buy, three holds, and two sells. The average 12-month price target is $60.45.
• Shares opened at $38.09, down 1.7%, near their 52-week low of $38.01 and below both the 50-day and 200-day moving averages. Several analysts recently lowered price targets, although TD Cowen upgraded the stock to “strong buy.”
• The company reported quarterly EPS of $1.07 on revenue of $2.31 billion, alongside a 36.07% net margin and 16.99% return on equity. Institutional investors own approximately 35.41% of the stock.

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fourteen analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $60.45.

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Trip.com Group from $72.00 to $62.00 and set an "overweight" rating on the stock in a report on Thursday, September 17th. Benchmark reiterated a "buy" rating on shares of Trip.com Group in a report on Tuesday, July 28th. Mizuho reduced their price target on shares of Trip.com Group from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 16th. TD Cowen raised shares of Trip.com Group to a "strong-buy" rating in a report on Monday, September 14th. Finally, Nomura lowered their price objective on shares of Trip.com Group from $51.00 to $44.00 and set a "neutral" rating for the company in a research report on Thursday, September 17th.

Trip.com Group Trading Down 1.7%

NASDAQ TCOM opened at $38.09 on Friday. The stock's 50 day moving average is $43.11 and its two-hundred day moving average is $46.41. Trip.com Group has a 1-year low of $38.01 and a 1-year high of $78.99. The company has a market capitalization of $24.74 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 3.16 and a beta of -0.04.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported $1.07 earnings per share (EPS) for the quarter. The company had revenue of $2.31 billion during the quarter. Trip.com Group had a return on equity of 16.99% and a net margin of 36.07%. On average, analysts predict that Trip.com Group will post 3.07 earnings per share for the current year.

Hedge Funds Weigh In On Trip.com Group

Several institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new position in Trip.com Group during the 2nd quarter worth about $5,210,000. APEIRON CAPITAL Ltd acquired a new stake in Trip.com Group in the 1st quarter valued at approximately $3,485,000. Hsbc Holdings PLC raised its position in Trip.com Group by 544.1% in the 4th quarter. Hsbc Holdings PLC now owns 73,747 shares of the company's stock valued at $5,280,000 after buying an additional 62,298 shares during the last quarter. Royal Bank of Canada lifted its stake in Trip.com Group by 162.6% in the 1st quarter. Royal Bank of Canada now owns 136,340 shares of the company's stock valued at $6,789,000 after acquiring an additional 84,423 shares in the last quarter. Finally, ABN Amro Investment Solutions lifted its stake in Trip.com Group by 91.5% in the 1st quarter. ABN Amro Investment Solutions now owns 493,968 shares of the company's stock valued at $24,595,000 after acquiring an additional 235,997 shares in the last quarter. Institutional investors own 35.41% of the company's stock.

About Trip.com Group

Trip.com Group Limited NASDAQ: TCOM is a global online travel services company headquartered in Shanghai, China. Formerly known as Ctrip.com International, the company adopted the Trip.com Group name in 2019 as it expanded its international presence. Its platform connects travelers with travel-related products and services in China and markets around the world.

The company provides accommodation reservations, transportation ticketing, packaged tours, and other travel services. Its offerings include hotel and lodging bookings, flights, train tickets, car rentals, attraction tickets, and vacation products.

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