Trip.com Group (NASDAQ:TCOM) Rating Increased to Buy at HSBC

Trip.com Group (NASDAQ:TCOM) was upgraded by investment analysts at HSBC from a “hold” rating to a “buy” rating in a report released on Tuesday,Briefing.com Automated Import reports.

A number of other analysts have also commented on the company. Macquarie upgraded Trip.com Group to a “strong-buy” rating in a report on Monday, October 7th. Sanford C. Bernstein started coverage on Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target on the stock. Hsbc Global Res lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Citigroup boosted their target price on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Trip.com Group currently has an average rating of “Moderate Buy” and a consensus price target of $69.22.

Trip.com Group Trading Up 3.1 %

Shares of Trip.com Group stock opened at $61.32 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. Trip.com Group has a 52 week low of $31.55 and a 52 week high of $69.67. The stock has a 50 day moving average price of $59.61 and a two-hundred day moving average price of $52.22. The stock has a market capitalization of $39.50 billion, a PE ratio of 21.44 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings data on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. As a group, equities analysts anticipate that Trip.com Group will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Trip.com Group

Several institutional investors have recently added to or reduced their stakes in TCOM. RPg Family Wealth Advisory LLC bought a new position in Trip.com Group in the 3rd quarter worth $38,000. Fifth Third Bancorp raised its stake in Trip.com Group by 1,188.0% in the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after buying an additional 986 shares in the last quarter. Hilltop National Bank grew its holdings in Trip.com Group by 322.1% in the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after purchasing an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after buying an additional 489 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Trip.com Group during the second quarter valued at $66,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

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.