Benchmark Reiterates “Buy” Rating for Trip.com Group (NASDAQ:TCOM)

Trip.com Group (NASDAQ:TCOM)‘s stock had its “buy” rating reissued by equities researchers at Benchmark in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $80.00 price objective on the stock. Benchmark’s price objective suggests a potential upside of 42.00% from the company’s previous close.

Several other research firms have also recently commented on TCOM. Macquarie boosted their price objective on shares of Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein assumed coverage on Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 target price on the stock. Barclays lifted their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Hsbc Global Res raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Finally, HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Tuesday, November 19th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $77.31.

Trip.com Group Price Performance

Trip.com Group stock traded down $8.32 during mid-day trading on Tuesday, hitting $56.34. 4,095,461 shares of the company were exchanged, compared to its average volume of 2,921,775. Trip.com Group has a 1-year low of $38.23 and a 1-year high of $77.18. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average of $68.62 and a 200 day moving average of $61.55. The company has a market capitalization of $36.29 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 0.67 and a beta of 0.37.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $12.32 billion. Trip.com Group had a return on equity of 12.04% and a net margin of 31.86%. As a group, sell-side analysts expect that Trip.com Group will post 3.3 earnings per share for the current year.

Hedge Funds Weigh In On Trip.com Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in Trip.com Group during the 4th quarter worth approximately $25,000. National Bank of Canada FI grew its stake in shares of Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company’s stock valued at $32,000 after acquiring an additional 321 shares in the last quarter. Rakuten Securities Inc. increased its position in Trip.com Group by 1,496.7% during the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock worth $33,000 after acquiring an additional 449 shares during the period. Principal Securities Inc. boosted its holdings in Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after purchasing an additional 169 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock worth $43,000 after purchasing an additional 510 shares in the last quarter. Institutional investors and hedge funds 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.