Ctrip.Com International (NASDAQ:CTRP) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, June 8th.
Several other equities research analysts have also recently weighed in on CTRP. TH Capital cut Ctrip.Com International from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. T.H. Capital downgraded Ctrip.Com International to a “hold” rating in a report on Monday, February 26th. TheStreet raised Ctrip.Com International from a “c+” rating to a “b-” rating in a report on Monday, March 12th. Wells Fargo & Co reissued a “hold” rating and issued a $46.00 target price on shares of Ctrip.Com International in a report on Thursday, March 15th. Finally, Nomura boosted their target price on Ctrip.Com International from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, March 19th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Ctrip.Com International presently has an average rating of “Buy” and an average price target of $53.23.
Shares of CTRP stock opened at $48.78 on Friday. The firm has a market capitalization of $26.50 billion, a P/E ratio of 82.68, a PEG ratio of 3.35 and a beta of 1.74. Ctrip.Com International has a twelve month low of $40.13 and a twelve month high of $60.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.40 and a current ratio of 1.40.
Ctrip.Com International (NASDAQ:CTRP) last issued its quarterly earnings results on Tuesday, May 22nd. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.44. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Ctrip.Com International had a return on equity of 4.55% and a net margin of 11.40%. equities analysts anticipate that Ctrip.Com International will post 0.91 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Ctrip.Com International by 3.1% during the fourth quarter. BlackRock Inc. now owns 16,615,770 shares of the company’s stock valued at $732,755,000 after purchasing an additional 497,017 shares in the last quarter. Eaton Vance Management bought a new position in shares of Ctrip.Com International during the fourth quarter valued at $489,000. KADENSA CAPITAL Ltd bought a new position in shares of Ctrip.Com International during the fourth quarter valued at $1,951,000. First Trust Advisors LP lifted its holdings in shares of Ctrip.Com International by 34.4% during the fourth quarter. First Trust Advisors LP now owns 520,422 shares of the company’s stock valued at $22,951,000 after purchasing an additional 133,335 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. lifted its holdings in shares of Ctrip.Com International by 137.1% during the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 41,860 shares of the company’s stock valued at $1,846,000 after purchasing an additional 24,207 shares in the last quarter. 66.35% of the stock is currently owned by hedge funds and other institutional investors.
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 and real-time flight status.
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