Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Trip.com Group has a “Moderate Buy” consensus rating: Of 14 analysts, 10 recommend buying, three rate it a hold and one recommends selling. The average 12-month price target is $63.75.
• Recent analyst views were mixed, with Mizuho cutting its target to $65 and Nomura lowering its target to $51 with a neutral rating, while Bank of America and Jefferies maintained buy ratings.
• Shares opened at $45.02 after declining 1.2%; the company’s latest quarterly revenue rose 17.2% year over year to $2.35 billion, although earnings per share of $0.83 narrowly missed estimates.

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $63.75.

Several research analysts recently issued reports on TCOM shares. Mizuho reduced their price target on shares of Trip.com Group from $79.00 to $65.00 and set an "outperform" rating on the stock in a research report on Thursday, June 25th. Nomura lowered their price objective on shares of Trip.com Group from $71.00 to $51.00 and set a "neutral" rating for the company in a research report on Friday, June 26th. Bank of America reaffirmed a "buy" rating on shares of Trip.com Group in a research note on Wednesday, July 29th. 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, Jefferies Financial Group reissued a "buy" rating and set a $63.00 price target on shares of Trip.com Group in a research note on Tuesday, July 28th.

Trip.com Group Trading Down 1.2%

Shares of TCOM opened at $45.02 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $29.24 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 3.63 and a beta of -0.02. The stock has a fifty day moving average price of $44.42 and a two-hundred day moving average price of $49.89. Trip.com Group has a 52-week low of $38.04 and a 52-week high of $78.99.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last announced its earnings results on Thursday, June 25th. The company reported $0.83 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the company posted $0.82 EPS. Trip.com Group's revenue for the quarter was up 17.2% on a year-over-year basis. Analysts predict that Trip.com Group will post 3.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TCOM. Advisory Services Network LLC raised its position in shares of Trip.com Group by 2.1% during the second quarter. Advisory Services Network LLC now owns 8,438 shares of the company's stock worth $523,000 after acquiring an additional 176 shares during the last quarter. CWM LLC boosted its holdings in Trip.com Group by 8.0% in the fourth quarter. CWM LLC now owns 2,443 shares of the company's stock valued at $176,000 after acquiring an additional 181 shares during the last quarter. Main Management ETF Advisors LLC boosted its holdings in Trip.com Group by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 18,009 shares of the company's stock valued at $1,295,000 after acquiring an additional 184 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company's stock valued at $41,000 after acquiring an additional 215 shares during the last quarter. Finally, Pathstone Holdings LLC increased its position in Trip.com Group by 1.2% in the third quarter. Pathstone Holdings LLC now owns 19,405 shares of the company's stock worth $1,459,000 after purchasing an additional 227 shares during the period. 35.41% of the stock is currently owned by institutional investors.

About Trip.com Group

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.

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