Ctrip.com International, Ltd. (NASDAQ:CTRP) Stock Rating Reaffirmed by Cowen and Company

Cowen and Company restated their buy rating on shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) in a report issued on Sunday, October 8th. They currently have a $57.00 price objective on the stock.

Several other equities analysts have also recently weighed in on CTRP. BidaskClub cut shares of Ctrip.com International from a strong-buy rating to a buy rating in a research note on Saturday, August 12th. Zacks Investment Research cut shares of Ctrip.com International from a strong-buy rating to a hold rating in a research note on Tuesday, August 8th. Instinet reaffirmed a buy rating and set a $61.00 price target on shares of Ctrip.com International in a research note on Tuesday, September 5th. Benchmark Co. decreased their price target on shares of Ctrip.com International from $61.00 to $58.00 and set a buy rating for the company in a research note on Thursday, August 31st. Finally, Oppenheimer Holdings, Inc. reaffirmed a buy rating and set a $62.00 price target on shares of Ctrip.com International in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. Ctrip.com International has a consensus rating of Buy and an average target price of $58.25.

Ctrip.com International (NASDAQ CTRP) opened at 48.35 on Friday. The firm’s 50-day moving average is $53.05 and its 200 day moving average is $53.74. Ctrip.com International has a 12 month low of $39.71 and a 12 month high of $60.65. The firm has a market capitalization of $25.43 billion, a price-to-earnings ratio of 152.04 and a beta of 1.69.

Ctrip.com International (NASDAQ:CTRP) last posted its earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.11). The business had revenue of $946.38 million for the quarter, compared to the consensus estimate of $929.55 million. Ctrip.com International had a return on equity of 1.41% and a net margin of 4.56%. Ctrip.com International’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 earnings per share. Equities analysts predict that Ctrip.com International will post $0.86 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Ctrip.com International, Ltd. (NASDAQ:CTRP) Stock Rating Reaffirmed by Cowen and Company” was reported by BBNS and is owned by of BBNS. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://baseballnewssource.com/markets/cowen-and-company-reiterates-buy-rating-for-ctrip-com-international-ltd-ctrp/1703653.html.

Institutional investors have recently made changes to their positions in the business. US Bancorp DE lifted its holdings in Ctrip.com International by 19.8% during the 2nd quarter. US Bancorp DE now owns 37,531 shares of the company’s stock valued at $2,021,000 after purchasing an additional 6,208 shares during the last quarter. Hillman Co. lifted its holdings in Ctrip.com International by 12.6% during the 2nd quarter. Hillman Co. now owns 677,052 shares of the company’s stock valued at $36,466,000 after purchasing an additional 75,833 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Ctrip.com International during the 1st quarter valued at $669,000. Intellectus Partners LLC lifted its holdings in Ctrip.com International by 214.4% during the 2nd quarter. Intellectus Partners LLC now owns 18,861 shares of the company’s stock valued at $1,016,000 after purchasing an additional 12,861 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Ctrip.com International by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 743,142 shares of the company’s stock valued at $40,025,000 after purchasing an additional 20,299 shares during the last quarter. 67.53% of the stock is owned by institutional investors and hedge funds.

Ctrip.com International Company Profile

Ctrip.com International, Ltd. (Ctrip) is a travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Company aggregates hotel and transportation information to enable business and leisure travelers to make bookings. It helps leisure travelers book tour packages and guided tours, and helps corporate clients manage their travel requirements.

Analyst Recommendations for Ctrip.com International (NASDAQ:CTRP)

Receive News & Ratings for Ctrip.com International Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ctrip.com International Ltd. and related companies with our FREE daily email newsletter.

 


Latest News

Alex Cora Becomes New Manager for Boston Red Sox
Alex Cora Becomes New Manager for Boston Red Sox
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends


Leave a Reply

 
© 2006-2017 BBNS.