Trip.com Group Limited (NASDAQ:TCOM) – Stock analysts at Oppenheimer issued their FY2022 earnings estimates for shares of Trip.com Group in a note issued to investors on Sunday, March 22nd. Oppenheimer analyst J. Kelly anticipates that the company will post earnings of $0.84 per share for the year.
A number of other analysts also recently weighed in on the stock. Nomura reissued a “hold” rating and issued a $24.80 price target on shares of Trip.com Group in a report on Monday. Citigroup downgraded shares of Trip.com Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $41.00 to $33.00 in a report on Monday, March 9th. Credit Suisse Group downgraded shares of Trip.com Group from an “outperform” rating to a “neutral” rating in a report on Thursday, March 19th. Barclays reissued a “buy” rating and issued a $32.00 price target on shares of Trip.com Group in a report on Monday. Finally, Zacks Investment Research downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Trip.com Group currently has an average rating of “Hold” and a consensus target price of $33.76.
Shares of Trip.com Group stock opened at $25.02 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 1.02 and a debt-to-equity ratio of 0.19. Trip.com Group has a fifty-two week low of $20.10 and a fifty-two week high of $46.50. The firm has a fifty day moving average of $29.52. The company has a market cap of $13.01 billion, a P/E ratio of 15.16, a PEG ratio of 4.58 and a beta of 1.64.
Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Wednesday, March 18th. The company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $1.95. Trip.com Group had a net margin of 19.97% and a return on equity of 4.85%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis.
Several hedge funds have recently made changes to their positions in TCOM. Herald Investment Management Ltd acquired a new position in shares of Trip.com Group in the 3rd quarter valued at $486,000. Neumann Advisory Hong Kong Ltd acquired a new position in shares of Trip.com Group in the 4th quarter valued at $5,240,000. DNB Asset Management AS acquired a new position in shares of Trip.com Group in the 4th quarter valued at $16,612,000. KCS Wealth Advisory acquired a new position in shares of Trip.com Group in the 4th quarter valued at $391,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Trip.com Group in the 4th quarter valued at $8,239,000. Institutional investors own 65.52% of the company’s stock.
Trip.com Group Company Profile
Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.
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