Trip.com Group (NASDAQ:TCOM) Stock Rating Upgraded by HSBC

Trip.com Group (NASDAQ:TCOM) was upgraded by HSBC from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $75.00 price objective on the stock. HSBC’s price objective suggests a potential upside of 15.76% from the company’s previous close.

A number of other equities analysts have also commented on TCOM. Mizuho boosted their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Macquarie upgraded shares of Trip.com Group to a “strong-buy” rating in a research report on Monday, October 7th. Benchmark upped their target price on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Citigroup raised their price target on shares of Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.18.

Trip.com Group Stock Up 3.3 %

TCOM opened at $64.79 on Tuesday. The firm has a market cap of $41.73 billion, a price-to-earnings ratio of 19.40 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The firm’s 50-day simple moving average is $60.28 and its 200-day simple moving average is $52.37. Trip.com Group has a twelve month low of $31.55 and a twelve month high of $69.67.

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

Hedge Funds Weigh In On Trip.com Group

Hedge funds have recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC acquired a new position in Trip.com Group during the third quarter valued at approximately $38,000. Fifth Third Bancorp boosted its position in shares of Trip.com Group by 1,188.0% during 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 during the period. Hilltop National Bank grew its stake in shares of Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after acquiring an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after purchasing an additional 489 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Trip.com Group in the second quarter valued at about $66,000. 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.