In yesterday’s Wall Street session, Trip.com Group Ltd ADR (NASDAQ:TCOM) shares traded at $35.36, down -1.20% from the previous session.
As of this writing, 39 analysts cover Trip.com Group Ltd ADR (NASDAQ:TCOM). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $466.49 and a low of $309.09, we find $358.04. Given the previous closing price of $35.79, this indicates a potential upside of 900.39 percent. TCOM stock price is now 2.38% away from the 50-day moving average and -1.71% away from the 200-day moving average. The market capitalization of the company currently stands at $23.34B.
There are 1 analysts who have given it a hold rating, whereas 31 have given it a buy rating. Brokers who have rated the stock have averaged $366.21 as their price target over the next twelve months.
With the price target enhanced from $39 to $50, JP Morgan Upgraded its rating from Neutral to Overweight for Trip.com Group Ltd ADR (NASDAQ: TCOM).
A total of 0.00% of the company’s stock is owned by insiders.
Thursday morning saw Trip.com Group Ltd ADR (NASDAQ: TCOM) opened at $34.92. During the past 12 months, Trip.com Group Ltd ADR has had a low of $25.19 and a high of $43.59. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for TCOM is $34.53 and a two-hundred day moving average price translates $35.96 for the stock.
The latest earnings results from Trip.com Group Ltd ADR (NASDAQ: TCOM) was released for Jun, 2023. According to the Travel Services Company, earnings per share came in at $0.71, beating analysts’ expectations of $0.5 by 0.21. This compares to $0.01 EPS in the same period last year. The net profit margin was 19.56% and return on equity was 5.60% for TCOM. The company reported revenue of $1.55 billion for the quarter, compared to $598.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 159.53 percent. For the current quarter, analysts expect TCOM to generate $1.89B in revenue.
Trip.com Group Ltd ADR(TCOM) Company Profile
Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services. It also provides independent leisure travelers bundled packaged-tour products comprising group, semi-group, and customized and packaged tours with various transportation arrangements, including air, cruise, bus, and car rental services. In addition, the company offers integrated transportation and accommodation services; destination transportation and ticket, activity, insurance, visa, and tour guide services; user support, supplier management, and customer relationship management services; and in-destination products and services. Further, it provides its corporate clients with business visit, incentive trip, meeting and conference, travel data collection and analysis, industry benchmark, cost saving analysis, and travel management solutions; and Corporate Travel Management System, an online platform that integrates information management, online booking and authorization, online inquiry, and travel reporting systems. Additionally, the company offers online advertising and financial services. It operates under the Ctrip, Qunar, Trip.com, and Skyscanner brands. The company was formerly known as Ctrip.com International, Ltd. and changed its name to Trip.com Group Limited in October 2019. Trip.com Group Limited was founded in 1999 and is headquartered in Shanghai, the People’s Republic of China.