TD Cowen Forecasts Strong Price Appreciation for Trip.com Group (NASDAQ:TCOM) Stock

Trip.com Group (NASDAQ:TCOM - Free Report) had its price target raised by TD Cowen from $56.00 to $71.00 in a research report report published on Tuesday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

TCOM has been the subject of a number of other reports. Hsbc Global Res cut shares of Trip.com Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 8th. HSBC upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a research note on Tuesday. StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Mizuho lifted 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. Finally, Citigroup lifted their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Trip.com Group has a consensus rating of "Moderate Buy" and a consensus price target of $72.56.

Trip.com Group Trading Up 2.3 %

Shares of TCOM traded up $1.42 during midday trading on Tuesday, hitting $62.74. The stock had a trading volume of 5,735,070 shares, compared to its average volume of 4,040,673. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. The firm has a market cap of $40.41 billion, a P/E ratio of 18.78 and a beta of 0.39. The business has a 50-day simple moving average of $59.93 and a two-hundred day simple moving average of $52.28. Trip.com Group has a fifty-two week low of $31.55 and a fifty-two week high of $69.67.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted its quarterly earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. The business had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. As a group, equities analysts forecast that Trip.com Group will post 2.93 EPS for the current year.

Hedge Funds Weigh In On Trip.com Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC bought a new position in Trip.com Group during the third quarter worth $38,000. Fifth Third Bancorp increased its position in Trip.com Group by 1,188.0% during the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock worth $50,000 after acquiring an additional 986 shares during the period. Hilltop National Bank increased its position in Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company's stock worth $54,000 after acquiring an additional 876 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock worth $55,000 after acquiring an additional 489 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Trip.com Group during the second quarter worth $66,000. 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.