Ctrip.com International (NASDAQ:CTRP) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Tuesday, Analyst Ratings Net reports. They currently have a $56.20 target price on the stock. Zacks‘ price objective points to a potential upside of 24.58% from the stock’s previous close.
Ctrip.com International (NASDAQ:CTRP) traded up 4.21% on Tuesday, hitting $47.01. The stock had a trading volume of 1,799,554 shares. Ctrip.com International has a 52-week low of $17.48 and a 52-week high of $61.09. The stock has a 50-day moving average of $53.94 and a 200-day moving average of $43.50. The company has a market cap of $6.184 billion and a price-to-earnings ratio of 43.92.
Ctrip.com International (NASDAQ:CTRP) last released its earnings data on Tuesday, November 5th. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.24. The company had revenue of $252.00 million for the quarter, compared to the consensus estimate of $241.68 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 35.0% on a year-over-year basis. On average, analysts predict that Ctrip.com International will post $1.07 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CTRP. Analysts at Raymond James raised their price target on shares of Ctrip.com International from $50.00 to $71.00 in a research note to investors on Wednesday, November 6th. They now have a “strong-buy” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Ctrip.com International from $40.00 to $65.00 in a research note to investors on Wednesday, November 6th. They now have an “outperform” rating on the stock. Finally, analysts at Brean Capital raised their price target on shares of Ctrip.com International from $55.00 to $78.00 in a research note to investors on Wednesday, November 6th. They now have a “buy” rating on the stock. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Ctrip.com International has an average rating of “Buy” and a consensus price target of $50.82.
Ctrip.com International, Ltd. (NASDAQ:CTRP) is a travel service provider for hotel accommodations, airline tickets and packaged tours in China.
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