Ctrip.com International (NASDAQ:CTRP) had its price target increased by Oppenheimer from $40.00 to $65.00 in a research report sent to investors on Wednesday morning, StockRatingsNetwork reports. The firm currently has an outperform rating on the stock.
Ctrip.com International (NASDAQ:CTRP) traded up 2.53% during mid-day trading on Wednesday, hitting $51.46. 2,537,447 shares of the company’s stock traded hands. Ctrip.com International has a 52-week low of $16.90 and a 52-week high of $61.09. The stock’s 50-day moving average is $55.8 and its 200-day moving average is $40.92. The company has a market cap of $6.770 billion and a P/E ratio of 50.80.
Ctrip.com International (NASDAQ:CTRP) last announced its earnings results on Tuesday, November 5th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the 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 prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 35.0% on a year-over-year basis. On average, analysts predict that Ctrip.com International will post $1.05 earnings per share for the current fiscal year.
CTRP has been the subject of a number of other recent research reports. 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. They now have a buy rating on the stock. Separately, analysts at T.H. Capital raised their price target on shares of Ctrip.com International from $64.00 to $66.00 in a research note to investors on Wednesday. They now have a buy rating on the stock. Finally, analysts at T.H. Capital upgraded shares of Ctrip.com International from a hold rating to a buy rating in a research note to investors on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ctrip.com International currently has an average rating of Buy and a consensus price target of $49.36.
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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