Citigroup Has Lowered Expectations for Trip.com Group (NASDAQ:TCOM) Stock Price

Trip.com Group (NASDAQ:TCOMGet Free Report) had its target price lowered by investment analysts at Citigroup from $82.00 to $64.00 in a research note issued to investors on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 58.06% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Benchmark lowered their price objective on Trip.com Group from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday. Weiss Ratings lowered Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. TD Cowen lowered their price target on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Morgan Stanley reiterated an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a research report on Thursday, February 26th. Finally, Mizuho cut their price objective on Trip.com Group from $79.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.03.

View Our Latest Analysis on Trip.com Group

Trip.com Group Stock Performance

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

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

Hedge Funds Weigh In On Trip.com Group

A number of institutional investors have recently bought and sold shares of the stock. Allworth Financial LP boosted its position in Trip.com Group by 7.0% during the 3rd quarter. Allworth Financial LP now owns 2,154 shares of the company’s stock valued at $162,000 after acquiring an additional 140 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Trip.com Group by 5.2% in the 4th quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock worth $216,000 after buying an additional 148 shares during the last quarter. Advisory Services Network LLC raised its stake in Trip.com Group by 2.1% during the second quarter. Advisory Services Network LLC now owns 8,438 shares of the company’s stock valued at $523,000 after buying an additional 176 shares during the last quarter. CWM LLC boosted its holdings in Trip.com Group by 8.0% in the fourth quarter. CWM LLC now owns 2,443 shares of the company’s stock worth $176,000 after acquiring an additional 181 shares in the last quarter. Finally, Main Management ETF Advisors LLC increased its holdings in shares of Trip.com Group by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 18,009 shares of the company’s stock valued at $1,295,000 after acquiring an additional 184 shares in the last quarter. 35.41% of the stock is owned by institutional investors.

Key Trip.com Group News

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

Trip.com Group Company Profile

(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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