Ctrip.com International, Ltd. (NASDAQ:CTRP) had its price target lowered by research analysts at Benchmark Co. from $58.00 to $52.00 in a research note issued to investors on Thursday, November 2nd, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Benchmark Co.’s target price indicates a potential upside of 8.09% from the stock’s current price.
Several other research analysts also recently commented on the stock. Barclays PLC initiated coverage on shares of Ctrip.com International in a research report on Monday, October 9th. They set an “overweight” rating and a $62.00 target price on the stock. Cowen and Company restated a “buy” rating and set a $57.00 target price on shares of Ctrip.com International in a research report on Sunday, October 8th. Bank of America Corporation restated a “buy” rating and set a $58.00 target price on shares of Ctrip.com International in a research report on Sunday, September 3rd. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $58.00 target price (down from $62.00) on shares of Ctrip.com International in a research report on Tuesday, October 31st. Finally, Zacks Investment Research lowered shares of Ctrip.com International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $57.42.
Shares of Ctrip.com International (NASDAQ:CTRP) opened at $48.11 on Thursday. Ctrip.com International has a 1 year low of $39.71 and a 1 year high of $60.65. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $24,800.00, a price-to-earnings ratio of 79.57 and a beta of 1.78.
Ctrip.com International (NASDAQ:CTRP) last released its quarterly earnings data on Wednesday, August 30th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.11). Ctrip.com International had a net margin of 8.92% and a return on equity of 2.92%. The company had revenue of $946.38 million for the quarter, compared to the consensus estimate of $929.55 million. During the same period last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 42.5% on a year-over-year basis. sell-side analysts forecast that Ctrip.com International will post 0.45 earnings per share for the current year.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC raised its holdings in shares of Ctrip.com International by 13.0% in the second quarter. Parallel Advisors LLC now owns 2,057 shares of the company’s stock worth $123,000 after buying an additional 237 shares during the last quarter. Rational Advisors LLC purchased a new position in shares of Ctrip.com International in the third quarter worth $111,000. Highstreet Asset Management Inc. purchased a new position in shares of Ctrip.com International in the second quarter worth $121,000. Huntington National Bank raised its holdings in shares of Ctrip.com International by 40.5% in the second quarter. Huntington National Bank now owns 2,325 shares of the company’s stock worth $125,000 after buying an additional 670 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Ctrip.com International by 6.7% in the second quarter. IFP Advisors Inc now owns 2,516 shares of the company’s stock worth $136,000 after buying an additional 157 shares during the last quarter. Institutional investors own 67.52% of the company’s stock.
About Ctrip.com International
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.
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