Trip.com Group Limited (NASDAQ:TCOM) Given Consensus Rating of “Buy” by Brokerages

Shares of Trip.com Group Limited (NASDAQ:TCOM) have been given a consensus rating of “Buy” by the eleven analysts that are presently covering the company, Marketbeat reports. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $74.18.

Several equities analysts have recently commented on TCOM shares. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Barclays boosted their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Citigroup raised their target price on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Sanford C. Bernstein initiated coverage on Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target for the company. Finally, Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $64.53 on Thursday. The stock has a market capitalization of $41.56 billion, a PE ratio of 19.32, a P/E/G ratio of 1.08 and a beta of 0.39. Trip.com Group has a fifty-two week low of $32.42 and a fifty-two week high of $69.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The business has a fifty day moving average price of $61.32 and a two-hundred day moving average price of $52.60.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The business 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 12.04% and a net margin of 31.86%. As a group, equities analysts predict that Trip.com Group will post 2.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Trip.com Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC bought a new stake in shares of Trip.com Group in the third quarter worth $38,000. Fifth Third Bancorp grew its position 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 buying an additional 986 shares during the last quarter. Hilltop National Bank grew its position 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 valued at $54,000 after buying an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of 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 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 second quarter worth approximately $66,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

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.