Nomura Lowers Trip.com Group (NASDAQ:TCOM) Price Target to $51.00

Trip.com Group (NASDAQ:TCOM) had its price objective decreased by analysts at Nomura from $71.00 to $51.00 in a research note issued on Friday,MarketScreener reports. The brokerage currently has a “neutral” rating on the stock. Nomura’s price objective suggests a potential upside of 25.96% from the company’s previous close.

A number of other research firms also recently issued reports on TCOM. Morgan Stanley reiterated an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a report on Thursday, February 26th. Mizuho reduced their target price on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday. TD Cowen decreased their target price on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Benchmark lowered their price target on shares of Trip.com Group from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Weiss Ratings cut shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.23.

Trip.com Group Stock Performance

TCOM opened at $40.49 on Friday. The business’s 50-day moving average price is $49.57 and its two-hundred day moving average price is $56.49. Trip.com Group has a 1 year low of $38.04 and a 1 year high of $78.99. The company has a market capitalization of $26.30 billion, a price-to-earnings ratio of 6.34, a P/E/G ratio of 3.21 and a beta of -0.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.55.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.01). Trip.com Group had a return on equity of 17.77% and a net margin of 48.26%.The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the company earned $0.60 earnings per share. The firm’s quarterly revenue was up 21% on a year-over-year basis. Equities analysts expect that Trip.com Group will post 3.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. boosted its holdings in shares of Trip.com Group by 237.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock worth $29,000 after acquiring an additional 280 shares during the period. First Horizon Corp lifted its holdings in shares of Trip.com Group by 69.3% during the first quarter. First Horizon Corp now owns 611 shares of the company’s stock worth $30,000 after buying an additional 250 shares in the last quarter. TD Private Client Wealth LLC acquired a new position in shares of Trip.com Group in the fourth quarter valued at about $31,000. NewEdge Advisors LLC grew its stake in shares of Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after acquiring an additional 450 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of 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 buying an additional 215 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trending Headlines about Trip.com Group

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

• Positive Sentiment: Trip.com reported first-quarter revenue of about $2.35 billion, above analyst expectations, with year-over-year growth of 17.2%, showing continued demand for travel bookings. Trip.com Group earnings report and conference call
• Positive Sentiment: Management said it expects to serve 200 million inbound travelers over the next five years, signaling a long-term growth opportunity. Trip.com growth target article
• Positive Sentiment: Mizuho reiterated an outperform rating and set a $65 price target, implying meaningful upside from current levels. Mizuho price target update
• Neutral Sentiment: A tourism-related memorandum of understanding with Tourism Tasmania could support future travel demand, but it is not likely to have an immediate financial impact. Trip.com and Tourism Tasmania MoU
• Negative Sentiment: Q1 earnings came in at $0.83 per share, missing estimates, which suggests some pressure on profitability despite stronger revenue. Trip.com misses Q1 earnings estimates
• Negative Sentiment: Second-quarter revenue guidance of roughly $2.1 billion to $2.2 billion was well below consensus expectations, raising concerns that growth is slowing. Trip.com Q2 guidance press release
• Negative Sentiment: Several commentaries highlighted margin pressure and a decelerating outlook, reinforcing the market’s focus on softer near-term earnings momentum. Trip.com Q1 analysis

About Trip.com Group

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.