Trip.com Group (NASDAQ:TCOM) Upgraded by Hsbc Global Res to “Strong-Buy” Rating

Trip.com Group (NASDAQ:TCOM) was upgraded by equities researchers at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Tuesday. 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 note on Thursday, October 10th. TD Cowen boosted their target price on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays upped their price target on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Macquarie lifted their price objective on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $74.18.

Trip.com Group Trading Up 3.3 %

Shares of NASDAQ TCOM opened at $64.79 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $41.73 billion, a PE ratio of 19.40 and a beta of 0.39. Trip.com Group has a twelve month low of $31.55 and a twelve month high of $69.67. The stock has a fifty day simple moving average of $60.28 and a 200-day simple moving average of $52.37.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. On average, equities analysts forecast that Trip.com Group will post 2.93 earnings per share for the current year.

Institutional Trading of Trip.com Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TCOM. Mitsubishi UFJ Trust & Banking Corp raised its stake in Trip.com Group by 0.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock worth $1,908,000 after acquiring an additional 375 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Trip.com Group by 10.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 33,512 shares of the company’s stock worth $1,471,000 after purchasing an additional 3,196 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Trip.com Group by 4.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 237,368 shares of the company’s stock valued at $10,434,000 after purchasing an additional 10,689 shares during the last quarter. Natixis boosted its position in shares of Trip.com Group by 50.9% in the 1st quarter. Natixis now owns 28,960 shares of the company’s stock valued at $1,271,000 after purchasing an additional 9,763 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in Trip.com Group by 29.5% during the 1st quarter. Advisors Asset Management Inc. now owns 2,692 shares of the company’s stock worth $118,000 after buying an additional 613 shares during the last quarter. Institutional investors and hedge funds 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.