Trip.com Group (NASDAQ:TCOM) Raised to “Strong-Buy” at Hsbc Global Res

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

A number of other brokerages have also recently issued reports on TCOM. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday. Barclays upped their price target on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday. TD Cowen raised their price objective on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Tuesday. 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 report on Tuesday. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.18.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $64.79 on Tuesday. The firm has a market cap of $41.73 billion, a P/E ratio of 19.40 and a beta of 0.39. 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 has a fifty-two week low of $31.55 and a fifty-two week high of $69.67. The stock’s 50-day moving average is $60.28 and its two-hundred day moving average is $52.37.

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, beating the consensus estimate of $0.65 by $0.22. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. Analysts predict that Trip.com Group will post 2.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

Several hedge funds have recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC acquired a new position in Trip.com Group in the 3rd quarter valued at approximately $38,000. Fifth Third Bancorp lifted its position 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 purchasing an additional 986 shares during the period. Hilltop National Bank boosted its stake in Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after buying an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Trip.com Group by 72.3% in the 2nd 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 period. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Trip.com Group in the 2nd quarter valued at $66,000. Institutional investors 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.