Ctrip.com International, Ltd. (NASDAQ:CTRP) was upgraded by TheStreet from a “c+” rating to a “b” rating in a note issued to investors on Thursday, November 2nd.
Several other equities research analysts have also weighed in on the stock. Benchmark Co. cut their target price on shares of Ctrip.com International from $58.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Ctrip.com International from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $58.00 target price (down from $62.00) on shares of Ctrip.com International in a report on Tuesday, October 31st. Barclays PLC assumed coverage on shares of Ctrip.com International in a report on Monday, October 9th. They issued an “overweight” rating and a $62.00 target price on the stock. Finally, Cowen and Company reiterated a “buy” rating and issued a $57.00 target price on shares of Ctrip.com International in a report on Sunday, October 8th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $57.42.
Ctrip.com International (NASDAQ:CTRP) opened at $48.11 on Thursday. Ctrip.com International has a twelve month low of $39.71 and a twelve month high of $60.65. The firm has a market cap of $24,322.44, a P/E ratio of 78.98 and a beta of 1.79. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40.
Ctrip.com International (NASDAQ:CTRP) last posted its earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.11). The firm had revenue of $946.38 million during the quarter, compared to analyst estimates of $929.55 million. Ctrip.com International had a return on equity of 2.92% and a net margin of 8.92%. The company’s revenue for the quarter was up 42.5% on a year-over-year basis. During the same quarter last year, the business posted $0.02 earnings per share. equities analysts predict that Ctrip.com International will post 0.45 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in CTRP. Rational Advisors LLC bought a new position in Ctrip.com International in the third quarter valued at $111,000. Highstreet Asset Management Inc. bought a new position in Ctrip.com International in the second quarter valued at $121,000. Parallel Advisors LLC grew its position in Ctrip.com International by 13.0% in the second quarter. Parallel Advisors LLC now owns 2,057 shares of the company’s stock valued at $123,000 after purchasing an additional 237 shares in the last quarter. Huntington National Bank grew its position in Ctrip.com International by 40.5% in the second quarter. Huntington National Bank now owns 2,325 shares of the company’s stock valued at $125,000 after purchasing an additional 670 shares in the last quarter. Finally, IFP Advisors Inc grew its position in Ctrip.com International by 6.7% in the second quarter. IFP Advisors Inc now owns 2,516 shares of the company’s stock valued at $136,000 after purchasing an additional 157 shares in the last quarter. 67.52% 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.
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