Ctrip.Com International (NASDAQ:CTRP) had its target price dropped by equities research analysts at Oppenheimer from $46.00 to $44.00 in a note issued to investors on Tuesday, Briefing.com Automated Import reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 25.36% from the company’s previous close.
Several other research firms have also recently weighed in on CTRP. Zacks Investment Research cut shares of Ctrip.Com International from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Jefferies Financial Group began coverage on shares of Ctrip.Com International in a report on Monday, August 5th. They set a “buy” rating and a $47.50 price target on the stock. Daiwa Capital Markets upgraded shares of Ctrip.Com International from an “underperform” rating to an “outperform” rating in a report on Thursday, May 23rd. Credit Suisse Group upgraded shares of Ctrip.Com International from a “neutral” rating to an “outperform” rating and set a $37.20 price target on the stock in a report on Tuesday, July 16th. Finally, BidaskClub upgraded shares of Ctrip.Com International from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Ctrip.Com International presently has a consensus rating of “Buy” and a consensus price target of $41.78.
Shares of NASDAQ CTRP traded down $1.02 during mid-day trading on Tuesday, reaching $35.10. 270,961 shares of the company’s stock traded hands, compared to its average volume of 4,461,765. The stock has a market cap of $18.99 billion, a P/E ratio of 37.35, a PEG ratio of 2.56 and a beta of 1.64. The business has a 50-day simple moving average of $34.62 and a 200 day simple moving average of $38.06. Ctrip.Com International has a 1-year low of $25.00 and a 1-year high of $46.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.14 and a quick ratio of 1.14.
Ctrip.Com International (NASDAQ:CTRP) last issued its quarterly earnings data on Monday, September 9th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Ctrip.Com International had a net margin of 5.79% and a return on equity of 3.94%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. Equities research analysts anticipate that Ctrip.Com International will post 0.91 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CTRP. Advisory Services Network LLC boosted its stake in Ctrip.Com International by 500.0% in the first quarter. Advisory Services Network LLC now owns 600 shares of the company’s stock valued at $26,000 after acquiring an additional 500 shares during the last quarter. Assetmark Inc. boosted its stake in Ctrip.Com International by 1,737.0% in the second quarter. Assetmark Inc. now owns 845 shares of the company’s stock valued at $31,000 after acquiring an additional 799 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in Ctrip.Com International by 255.7% in the first quarter. Cornerstone Advisors Inc. now owns 818 shares of the company’s stock valued at $36,000 after acquiring an additional 588 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new position in Ctrip.Com International in the second quarter valued at about $44,000. Finally, Rehmann Capital Advisory Group raised its position in shares of Ctrip.Com International by 2,377.8% in the first quarter. Rehmann Capital Advisory Group now owns 1,338 shares of the company’s stock valued at $58,000 after purchasing an additional 1,284 shares during the period. Hedge funds and other institutional investors own 62.56% of the company’s stock.
About Ctrip.Com International
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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