Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) declared a -- dividend on Tuesday, February 25th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.30 per share on Friday, April 4th. The ex-dividend date is Monday, March 17th.
Trip.com Group has a payout ratio of 7.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Trip.com Group to earn $3.57 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 8.4%.
Trip.com Group Trading Down 0.8 %
Shares of TCOM stock traded down $0.49 on Thursday, reaching $63.52. 7,130,187 shares of the company's stock were exchanged, compared to its average volume of 3,844,630. The company's fifty day simple moving average is $66.47 and its 200 day simple moving average is $62.24. Trip.com Group has a 52 week low of $38.23 and a 52 week high of $77.18. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $40.91 billion, a PE ratio of 19.02, a P/E/G ratio of 0.67 and a beta of 0.38.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Mizuho increased their target price on Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Hsbc Global Res upgraded Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 19th. Benchmark reaffirmed a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, February 25th. Finally, TD Cowen increased their price objective on Trip.com Group from $56.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $77.08.
Get Our Latest Analysis on TCOM
About Trip.com Group
(
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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.
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