Mizuho Issues Pessimistic Forecast for Trip.com Group (NASDAQ:TCOM) Stock Price

Trip.com Group (NASDAQ:TCOMGet Free Report) had its price objective lowered by Mizuho to $65.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price would suggest a potential upside of 62.10% from the stock’s current price.

Other equities analysts have also issued reports about the company. TD Cowen reduced their price target on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Benchmark reaffirmed a “buy” rating on shares of Trip.com Group in a research report on Thursday. Weiss Ratings downgraded shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Barclays restated an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a research note on Thursday, February 26th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a report on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.50.

Check Out Our Latest Research Report on TCOM

Trip.com Group Stock Performance

Shares of NASDAQ:TCOM traded down $6.20 during midday trading on Thursday, reaching $40.10. The company had a trading volume of 8,742,967 shares, compared to its average volume of 3,525,821. Trip.com Group has a 52-week low of $38.04 and a 52-week high of $78.99. The company’s 50 day moving average price is $49.81 and its 200 day moving average price is $56.71. The stock has a market cap of $26.05 billion, a P/E ratio of 5.99, a P/E/G ratio of 3.15 and a beta of -0.07. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07.

Trip.com Group (NASDAQ:TCOMGet Free Report) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The firm’s quarterly revenue was up 21% on a year-over-year basis. As a group, sell-side analysts anticipate that Trip.com Group will post 3.61 EPS for the current fiscal year.

Institutional Trading of Trip.com Group

A number of large investors have recently added to or reduced their stakes in TCOM. Allworth Financial LP grew its stake in shares of Trip.com Group by 7.0% in the 3rd quarter. Allworth Financial LP now owns 2,154 shares of the company’s stock worth $162,000 after buying an additional 140 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Trip.com Group by 5.2% during the 4th quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock worth $216,000 after purchasing an additional 148 shares during the last quarter. Advisory Services Network LLC grew its holdings in Trip.com Group by 2.1% in the second quarter. Advisory Services Network LLC now owns 8,438 shares of the company’s stock worth $523,000 after purchasing an additional 176 shares during the last quarter. CWM LLC increased its holdings in shares of Trip.com Group by 8.0% during 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 in the last quarter. Finally, Main Management ETF Advisors LLC raised its stake in Trip.com Group by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 18,009 shares of the company’s stock worth $1,295,000 after acquiring an additional 184 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

Key Trip.com Group News

Here are the key news stories impacting Trip.com Group this week:

About Trip.com Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Trip.com Group (NASDAQ:TCOM)

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