Ctrip.Com International (NASDAQ:CTRP) was upgraded by equities researchers at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage currently has a $37.20 price target on the stock. Credit Suisse Group’s target price points to a potential downside of 1.06% from the company’s previous close.
CTRP has been the topic of a number of other reports. Sanford C. Bernstein upgraded Ctrip.Com International from a “market perform” rating to an “outperform” rating and set a $41.50 target price on the stock in a research report on Tuesday, March 26th. Macquarie set a $325.00 target price on Arista Networks and gave the stock a “buy” rating in a research report on Friday, May 3rd. CICC Research upgraded Ctrip.Com International from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd. Mizuho upgraded Ctrip.Com International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $55.00 in a research report on Monday, May 6th. Finally, BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Ctrip.Com International presently has an average rating of “Buy” and an average price target of $42.22.
NASDAQ CTRP opened at $37.60 on Tuesday. The company has a market capitalization of $19.93 billion, a price-to-earnings ratio of 40.00, a price-to-earnings-growth ratio of 2.82 and a beta of 1.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a 50-day simple moving average of $36.07. Ctrip.Com International has a twelve month low of $25.00 and a twelve month high of $46.50.
Ctrip.Com International (NASDAQ:CTRP) last released its quarterly earnings data on Wednesday, May 22nd. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.22. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. Ctrip.Com International had a return on equity of 3.61% and a net margin of 14.70%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. On average, sell-side analysts forecast that Ctrip.Com International will post 0.87 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. QS Investors LLC raised its position in Ctrip.Com International by 1.8% during the fourth quarter. QS Investors LLC now owns 17,400 shares of the company’s stock valued at $471,000 after purchasing an additional 300 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Ctrip.Com International by 9.1% in the first quarter. Advisors Asset Management Inc. now owns 4,610 shares of the company’s stock worth $201,000 after buying an additional 384 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Ctrip.Com International by 0.3% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 191,000 shares of the company’s stock worth $8,345,000 after buying an additional 500 shares during the period. Advisory Services Network LLC raised its holdings in shares of Ctrip.Com International by 500.0% in the first quarter. Advisory Services Network LLC now owns 600 shares of the company’s stock worth $26,000 after buying an additional 500 shares during the period. Finally, Cornerstone Advisors Inc. raised its holdings in shares of Ctrip.Com International by 255.7% in the first quarter. Cornerstone Advisors Inc. now owns 818 shares of the company’s stock worth $36,000 after buying an additional 588 shares during the period. Institutional investors and hedge funds own 62.16% of the company’s stock.
Ctrip.Com International Company Profile
Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.
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