Trip.com Group (NASDAQ:TCOM) Given Buy Rating at Benchmark

Trip.com Group (NASDAQ:TCOM)‘s stock had its “buy” rating reaffirmed by stock analysts at Benchmark in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $80.00 target price on the stock. Benchmark’s price target suggests a potential upside of 42.00% from the company’s current price.

TCOM has been the topic of a number of other research reports. Mizuho raised their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Barclays raised their target price on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. TD Cowen upped their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Sanford C. Bernstein initiated coverage on Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target on the stock. Finally, Macquarie lifted their target price on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $77.31.

Trip.com Group Price Performance

TCOM stock traded down $8.32 during midday trading on Tuesday, hitting $56.34. 4,095,461 shares of the stock were exchanged, compared to its average volume of 2,921,775. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The stock’s 50-day moving average price is $68.62 and its 200-day moving average price is $61.55. Trip.com Group has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The stock has a market cap of $36.29 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 0.67 and a beta of 0.37.

Trip.com Group (NASDAQ:TCOM) last announced its earnings results on Monday, February 24th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $12.32 billion. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%. Research analysts predict that Trip.com Group will post 3.3 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. abrdn plc boosted its position in shares of Trip.com Group by 0.5% in the fourth quarter. abrdn plc now owns 29,598 shares of the company’s stock worth $2,032,000 after buying an additional 150 shares during the period. Principal Securities Inc. grew its stake in Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after purchasing an additional 169 shares in the last quarter. Rhumbline Advisers increased its position in Trip.com Group by 1.6% in the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock worth $825,000 after purchasing an additional 184 shares during the last quarter. Blair William & Co. IL raised its stake in shares of Trip.com Group by 4.3% during the 4th quarter. Blair William & Co. IL now owns 5,349 shares of the company’s stock worth $367,000 after purchasing an additional 219 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Trip.com Group by 2.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company’s stock worth $875,000 after purchasing an additional 244 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Company Profile

Trip.com Group Limited, through its subsidiaries, 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. The company 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, such as flight delay, air accident, 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.