Macquarie lifts Trip.com Group Limited [TCOM] price estimate. Who else is bullish?

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Trip.com Group Limited [NASDAQ: TCOM] stock went on an upward path that rose over 1.89% on Wednesday, amounting to a one-week price decrease of less than -15.30%. The company report on May 11, 2022 that The Department of Culture and Tourism – Abu Dhabi Partners with Top Global Travel Service Provider Trip.com Group.

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The agreement signed at Arabian Travel Market 2022 puts Abu Dhabi at the forefront of global tourism innovation, while making the destination even more accessible to global markets.

The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has signed a strategic partnership with Trip.com Group, a leading global travel service provider, in an online ceremony at Arabian Travel Market. The partnership’s social and economic initiatives will encourage and entice visitors worldwide to visit Abu Dhabi, promoting the UAE capital as a top-tier travel destination in 13 markets across Asia and Europe, including in India, China, South Korea, Japan, USA, UK, Germany, France, and the Netherlands.

Over the last 12 months, TCOM stock dropped by -44.67%. The one-year Trip.com Group Limited stock forecast points to a potential upside of 37.18. The average equity rating for TCOM stock is currently 1.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $13.88 billion, with 603.65 million shares outstanding and 502.17 million shares in the current float. Compared to the average trading volume of 6.62M shares, TCOM stock reached a trading volume of 5049586 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Trip.com Group Limited [TCOM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TCOM shares is $31.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TCOM stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Macquarie have made an estimate for Trip.com Group Limited shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 15, 2022. The new note on the price target was released on March 14, 2022, representing the official price target for Trip.com Group Limited stock. Previously, the target price had yet another raise to $33, while Barclays analysts kept a Overweight rating on TCOM stock.

The Average True Range (ATR) for Trip.com Group Limited is set at 1.32, with the Price to Sales ratio for TCOM stock in the period of the last 12 months amounting to 4.61. The Price to Book ratio for the last quarter was 0.73, with the Price to Cash per share for the same quarter was set at 10.69.

TCOM Stock Performance Analysis:

Trip.com Group Limited [TCOM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.30. With this latest performance, TCOM shares dropped by -6.98% in over the last four-week period, additionally sinking by -34.27% over the last 6 months – not to mention a drop of -44.67% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TCOM stock in for the last two-week period is set at 38.00, with the RSI for the last a single of trading hit 33.25, and the three-weeks RSI is set at 40.83 for Trip.com Group Limited [TCOM]. The present Moving Average for the last 50 days of trading for this stock 22.61, while it was recorded at 20.61 for the last single week of trading, and 26.43 for the last 200 days.

Insight into Trip.com Group Limited Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Trip.com Group Limited [TCOM] shares currently have an operating margin of -7.05 and a Gross Margin at +77.04. Trip.com Group Limited’s Net Margin is presently recorded at -2.75.

Return on Total Capital for TCOM is now -0.88, given the latest momentum, and Return on Invested Capital for the company is -0.45. Return on Equity for this stock declined to -0.52, with Return on Assets sitting at -0.29. When it comes to the capital structure of this company, Trip.com Group Limited [TCOM] has a Total Debt to Total Equity ratio set at 47.16. Additionally, TCOM Total Debt to Total Capital is recorded at 32.05, with Total Debt to Total Assets ending up at 26.96. Long-Term Debt to Equity for the company is recorded at 10.48, with the Long-Term Debt to Total Capital now at 7.12.

Reflecting on the efficiency of the workforce at the company, Trip.com Group Limited [TCOM] managed to generate an average of -$19,651 per employee. Receivables Turnover for the company is 2.05 with a Total Asset Turnover recorded at a value of 0.11.Trip.com Group Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

TCOM Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TCOM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Trip.com Group Limited go to 74.97%.

Trip.com Group Limited [TCOM] Insider Position Details

There are presently around $7,998 million, or 65.00% of TCOM stock, in the hands of institutional investors. The top three institutional holders of TCOM stocks are: MORGAN STANLEY with ownership of 39,194,505, which is approximately -7.166% of the company’s market cap and around 4.00% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 37,710,052 shares of the stock with an approximate value of $739.87 million in TCOM stocks shares; and BLACKROCK INC., currently with $423.07 million in TCOM stock with ownership of nearly 0.256% of the company’s market capitalization.

Positions in Trip.com Group Limited stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 150 institutional holders increased their position in Trip.com Group Limited [NASDAQ:TCOM] by around 43,837,732 shares. Additionally, 170 investors decreased positions by around 49,728,583 shares, while 36 investors held positions by with 314,082,250 shares. The mentioned changes placed institutional holdings at 407,648,565 shares, according to the latest SEC report filing. TCOM stock had 42 new institutional investments in for a total of 9,440,304 shares, while 54 institutional investors sold positions of 7,307,236 shares during the same period.