Trip.com Group (NASDAQ:TCOM) Upgraded at StockNews.com

StockNews.com upgraded shares of Trip.com Group (NASDAQ:TCOM) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

Other research analysts have also recently issued reports about the stock. Hsbc Global Res cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Mizuho boosted their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. TD Cowen increased their target price on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Tuesday. Finally, Citigroup increased their price objective on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $74.18.

Trip.com Group Stock Performance

Shares of TCOM opened at $63.64 on Wednesday. Trip.com Group has a 52 week low of $32.42 and a 52 week high of $69.67. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The stock has a market cap of $40.99 billion, a P/E ratio of 19.05 and a beta of 0.39. The business’s 50 day moving average price is $60.97 and its 200-day moving average price is $52.53.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Trip.com Group had a return on equity of 12.40% and a net margin of 31.86%. Equities research analysts anticipate that Trip.com Group will post 2.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. RPg Family Wealth Advisory LLC purchased a new position in shares of Trip.com Group in the third quarter worth approximately $38,000. Fifth Third Bancorp grew its position in shares of Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after acquiring an additional 986 shares during the period. Hilltop National Bank increased its stake in shares of Trip.com Group by 322.1% in the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after purchasing an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Trip.com Group by 72.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after purchasing an additional 489 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Trip.com Group during the second quarter valued at $66,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Company Profile

Trip.com Group Limited, through its subsidiaries, 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.