Trip.com Group (NASDAQ:TCOM) Price Target Lowered to $60.00 at Barclays

Trip.com Group (NASDAQ:TCOMGet Free Report) had its price target decreased by research analysts at Barclays from $75.00 to $60.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 51.33% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating and issued a $75.00 price target on shares of Trip.com Group in a research report on Thursday, February 26th. Weiss Ratings lowered Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. TD Cowen cut their target price 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. Nomura reduced their target price on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating for the company in a report on Friday. Finally, Mizuho decreased their target price on Trip.com Group from $79.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.89.

Check Out Our Latest Stock Report on Trip.com Group

Trip.com Group Stock Down 2.1%

TCOM stock traded down $0.84 during midday trading on Friday, reaching $39.65. 1,250,782 shares of the company were exchanged, compared to its average volume of 3,548,029. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 1.55. Trip.com Group has a 1-year low of $38.04 and a 1-year high of $78.99. The stock’s 50-day simple moving average is $49.57 and its 200 day simple moving average is $56.49. The company has a market cap of $25.75 billion, a price-to-earnings ratio of 6.15, a price-to-earnings-growth ratio of 3.21 and a beta of -0.07.

Trip.com Group (NASDAQ:TCOMGet Free Report) last issued its earnings results on Saturday, February 14th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.01). The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.09 billion. Trip.com Group had a net margin of 48.26% and a return on equity of 17.77%. The company’s quarterly revenue was up 21% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 EPS. On average, equities analysts forecast that Trip.com Group will post 3.61 earnings per share for the current year.

Institutional Trading of Trip.com Group

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of Trip.com Group by 22.9% in the first quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock valued at $2,068,000 after acquiring an additional 6,062 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Trip.com Group by 332.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock worth $2,549,000 after purchasing an additional 30,819 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after purchasing an additional 215 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in Trip.com Group in the 2nd quarter valued at approximately $215,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group News Roundup

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.

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

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