Huatai Securities Keeps Their Buy Rating on Tongcheng Travel Holdings Limited (0780)

Huatai Securities analyst maintained a Buy rating on Tongcheng Travel Holdings Limited yesterday and set a price target of HK$28.80. The company’s shares closed yesterday at HK$14.89.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence

Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds

Tongcheng Travel Holdings Limited has an analyst consensus of Strong Buy, with a price target consensus of HK$24.80, a 66.55% upside from current levels. In a report released yesterday, DBS also maintained a Buy rating on the stock with a HK$24.50 price target.

Based on Tongcheng Travel Holdings Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$4.67 billion and a net profit of HK$641.81 million. In comparison, last year the company earned a revenue of HK$4.25 billion and had a net profit of HK$433.69 million