StockNews.com Upgrades Trip.com Group (NASDAQ:TCOM) to “Buy”

Trip.com Group (NASDAQ:TCOM) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Several other research firms have also commented on TCOM. Mizuho raised their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. TD Cowen lifted their price target on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup increased their price target on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Macquarie upped their target price on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Benchmark lifted their price target on shares of Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $74.18.

Trip.com Group Trading Up 0.7 %

Shares of Trip.com Group stock opened at $65.24 on Wednesday. The stock has a market cap of $42.02 billion, a PE ratio of 19.53 and a beta of 0.39. The firm has a fifty day moving average price of $60.64 and a 200 day moving average price of $52.46. Trip.com Group has a 1 year low of $32.42 and a 1 year high of $69.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Trip.com Group during the third quarter valued at about $38,000. Fifth Third Bancorp raised its holdings in shares of Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after purchasing an additional 986 shares in the last quarter. Hilltop National Bank lifted its position 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 purchasing an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake 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 worth $55,000 after purchasing an additional 489 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Trip.com Group in the second quarter valued at $66,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

About Trip.com Group

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.