Trip.com Group’s (TCOM) “Buy” Rating Reiterated at Benchmark

Benchmark reiterated their buy rating on shares of Trip.com Group (NASDAQ:TCOM) in a report released on Wednesday, Benzinga reports. The brokerage currently has a $55.00 target price on the stock.

A number of other analysts also recently issued reports on TCOM. Citigroup raised their price objective on Trip.com Group from $53.00 to $55.00 and gave the stock a buy rating in a research report on Monday, April 1st. UBS Group raised their price objective on Trip.com Group from $48.00 to $52.00 and gave the stock a buy rating in a research report on Thursday, February 22nd. StockNews.com raised Trip.com Group from a hold rating to a buy rating in a research report on Friday, February 23rd. Mizuho raised their price objective on Trip.com Group from $55.00 to $60.00 and gave the stock a buy rating in a research report on Thursday, February 22nd. Finally, HSBC raised their price objective on Trip.com Group from $50.00 to $60.00 and gave the stock a buy rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Trip.com Group has an average rating of Moderate Buy and a consensus target price of $53.67.

Trip.com Group Stock Down 0.8 %

Shares of TCOM opened at $48.26 on Wednesday. Trip.com Group has a 52-week low of $30.70 and a 52-week high of $50.63. The company has a market capitalization of $31.18 billion, a PE ratio of 23.31 and a beta of 0.56. The stock has a fifty day simple moving average of $44.65 and a two-hundred day simple moving average of $38.38. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.16.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.29. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. As a group, equities analysts forecast that Trip.com Group will post 2.54 EPS for the current year.

Hedge Funds Weigh In On Trip.com Group

A number of hedge funds and other institutional investors have recently bought and sold shares of TCOM. First Horizon Advisors Inc. purchased a new position in Trip.com Group during the 1st quarter valued at about $27,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Trip.com Group by 90.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock valued at $34,000 after buying an additional 452 shares during the period. Captrust Financial Advisors purchased a new position in shares of Trip.com Group in the 2nd quarter valued at about $38,000. Atlas Capital Advisors LLC purchased a new position in shares of Trip.com Group in the 1st quarter valued at about $55,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Trip.com Group by 81.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,680 shares of the company’s stock valued at $59,000 after buying an additional 752 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

About Trip.com Group

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.