Trip.com Group (NASDAQ:TCOM) Lowered to Neutral Rating by Macquarie Infrastructure

Trip.com Group (NASDAQ:TCOM) was downgraded by analysts at Macquarie Infrastructure from an “outperform” rating to a “neutral” rating in a note issued to investors on Friday,MarketScreener reports. They presently have a $44.30 target price on the stock, down from their prior target price of $70.90. Macquarie Infrastructure’s price objective points to a potential upside of 9.41% from the company’s current price.

TCOM has been the topic of several other research reports. Weiss Ratings cut Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Benchmark dropped 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 report on Thursday. Morgan Stanley reiterated an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research note on Thursday, February 26th. 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 research report on Thursday, February 26th. Finally, Nomura cut their price objective on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating for the company in a research report on Friday. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.23.

Trip.com Group Stock Down 12.5%

NASDAQ TCOM opened at $40.49 on Friday. The stock has a fifty day moving average of $49.57 and a 200-day moving average of $56.49. The stock has a market capitalization of $26.30 billion, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 3.21 and a beta of -0.07. Trip.com Group has a 52 week low of $38.04 and a 52 week high of $78.99. 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 (NASDAQ:TCOM) last issued its quarterly 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). Trip.com Group had a net margin of 48.26% and a return on equity of 17.77%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the company earned $0.60 EPS. The company’s revenue was up 21% compared to the same quarter last year. On average, equities research analysts forecast that Trip.com Group will post 3.61 EPS for the current year.

Institutional Investors Weigh In On Trip.com Group

Institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. raised its position 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 last quarter. First Horizon Corp lifted its stake in shares of Trip.com Group by 69.3% in the 1st quarter. First Horizon Corp now owns 611 shares of the company’s stock valued at $30,000 after purchasing an additional 250 shares during the period. TD Private Client Wealth LLC acquired a new stake in shares of Trip.com Group during the 4th quarter worth approximately $31,000. NewEdge Advisors LLC increased its stake in shares of Trip.com Group by 384.6% in the 1st 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 lifted its position in shares of Trip.com Group by 44.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after acquiring an additional 215 shares during the period. Institutional investors own 35.41% of the company’s stock.

Key Headlines Impacting 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.