Trip.com Group (NASDAQ:TCOM) was upgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Monday, Analyst Ratings Network reports. The brokerage currently has a $50.00 price objective on the stock. Morgan Stanley’s target price would suggest a potential upside of 26.77% from the stock’s previous close.
TCOM has been the topic of a number of other research reports. Mizuho upped their price target on shares of Trip.com Group from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, March 2nd. Cowen upped their price target on shares of Trip.com Group from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, March 30th. Sanford C. Bernstein began coverage on shares of Trip.com Group in a research note on Tuesday, March 2nd. They set an “outperform” rating and a $51.00 price target on the stock. Citigroup upped their price target on shares of Trip.com Group from $38.50 to $46.00 in a research note on Friday, March 5th. Finally, The Goldman Sachs Group upgraded shares of Trip.com Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $43.00 to $47.00 in a research note on Monday, April 26th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Trip.com Group currently has an average rating of “Buy” and an average target price of $40.94.
NASDAQ:TCOM opened at $39.44 on Monday. Trip.com Group has a 52 week low of $23.53 and a 52 week high of $45.19. The firm has a 50 day moving average of $38.21 and a 200 day moving average of $36.10. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $23.65 billion, a price-to-earnings ratio of -73.04 and a beta of 1.33.
Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Tuesday, March 2nd. The company reported $1.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $1.47. Trip.com Group had a negative net margin of 9.55% and a negative return on equity of 2.45%. The company had revenue of $761.00 million during the quarter, compared to analysts’ expectations of $761.78 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. Trip.com Group’s revenue for the quarter was down 35.7% compared to the same quarter last year. As a group, analysts expect that Trip.com Group will post -0.93 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in TCOM. Morgan Stanley grew its position in Trip.com Group by 20.9% during the first quarter. Morgan Stanley now owns 43,922,168 shares of the company’s stock valued at $1,740,636,000 after buying an additional 7,597,777 shares during the period. Norges Bank purchased a new position in Trip.com Group during the fourth quarter valued at $228,959,000. Price T Rowe Associates Inc. MD lifted its holdings in Trip.com Group by 9.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,360,161 shares of the company’s stock valued at $1,260,158,000 after purchasing an additional 3,331,750 shares in the last quarter. FIL Ltd lifted its holdings in Trip.com Group by 20.5% during the fourth quarter. FIL Ltd now owns 17,526,065 shares of the company’s stock valued at $591,154,000 after purchasing an additional 2,978,875 shares in the last quarter. Finally, Capital International Investors lifted its holdings in Trip.com Group by 27.8% during the first quarter. Capital International Investors now owns 11,362,279 shares of the company’s stock valued at $450,285,000 after purchasing an additional 2,473,515 shares in the last quarter.
About Trip.com Group
Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. It acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, including flight delay insurance, air accident insurance, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.
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