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

Hsbc Global Res upgraded shares of Trip.com Group (NASDAQ:TCOM) from a hold rating to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

TCOM has been the subject of a number of other reports. Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target for the company. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday. TD Cowen raised their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday. Macquarie increased their target price on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a report on Wednesday. Finally, Mizuho lifted their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Eleven investment 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, Trip.com Group presently has a consensus rating of “Buy” and a consensus target price of $74.18.

Trip.com Group Price Performance

TCOM stock opened at $65.24 on Tuesday. Trip.com Group has a 12-month low of $32.42 and a 12-month high of $69.67. The stock has a market capitalization of $42.02 billion, a price-to-earnings ratio of 19.53 and a beta of 0.39. 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 firm’s 50-day moving average price is $60.64 and its two-hundred day moving average price is $52.46.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a net margin of 31.86% and a return on equity of 12.40%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. As a group, equities analysts predict that Trip.com Group will post 2.93 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC purchased a new stake in Trip.com Group in the 3rd quarter worth $38,000. Fifth Third Bancorp raised its position in Trip.com Group by 1,188.0% during the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after purchasing an additional 986 shares during the period. Hilltop National Bank boosted its holdings 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 during the period. Benjamin F. Edwards & Company Inc. increased its position in 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 acquiring an additional 489 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Trip.com Group during the 2nd quarter valued at about $66,000. 35.41% of the stock is currently owned by 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.