Trip.com Group (NASDAQ:TCOM) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Trip.com Group (NASDAQ:TCOM) from a hold rating to a buy rating in a report published on Wednesday morning.

A number of other equities analysts have also commented on TCOM. JPMorgan Chase & Co. raised shares of Trip.com Group from a neutral rating to an overweight rating and increased their price target for the stock from $39.00 to $50.00 in a report on Monday, July 31st. Barclays lifted their price target on Trip.com Group from $49.00 to $56.00 and gave the stock an overweight rating in a research note on Wednesday. TheStreet upgraded Trip.com Group from a c rating to a b rating in a research report on Friday, June 9th. Citigroup upped their target price on Trip.com Group from $47.00 to $49.00 and gave the stock a buy rating in a research note on Wednesday. Finally, Mizuho lifted their price target on shares of Trip.com Group from $50.00 to $56.00 and gave the stock a buy rating in a research note on Tuesday. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average price target of $48.08.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $37.89 on Wednesday. Trip.com Group has a 52-week low of $19.25 and a 52-week high of $43.59. The stock has a fifty day moving average of $38.16 and a 200 day moving average of $36.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $24.48 billion, a price-to-earnings ratio of 30.31 and a beta of 0.61.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Wednesday, June 7th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.18. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.18 billion. Trip.com Group had a return on equity of 2.05% and a net margin of 23.00%. On average, research analysts expect that Trip.com Group will post 1.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

A number of large investors have recently made changes to their positions in the business. Capital World Investors purchased a new stake in Trip.com Group in the second quarter worth $826,332,000. Norges Bank bought a new stake in shares of Trip.com Group during the 4th quarter valued at about $213,195,000. Select Equity Group L.P. purchased a new position in shares of Trip.com Group during the first quarter valued at about $168,290,000. BlackRock Inc. raised its stake in Trip.com Group by 18.1% in the first quarter. BlackRock Inc. now owns 25,456,730 shares of the company’s stock worth $588,559,000 after buying an additional 3,893,531 shares in the last quarter. Finally, Fred Alger Management LLC boosted its position in Trip.com Group by 459.5% during the 1st quarter. Fred Alger Management LLC now owns 3,143,012 shares of the company’s stock valued at $118,397,000 after acquiring an additional 2,581,231 shares in the last quarter. 38.24% of the stock is currently owned by institutional investors.

Trip.com Group Company Profile

Trip.com Group Limited 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.