Ctrip.Com International Ltd (NASDAQ:CTRP) – Equities research analysts at KeyCorp reduced their Q4 2018 EPS estimates for Ctrip.Com International in a research note issued to investors on Wednesday, October 17th, Zacks Investment Research reports. KeyCorp analyst H. Chung now anticipates that the company will post earnings per share of $0.02 for the quarter, down from their previous estimate of $0.05. KeyCorp also issued estimates for Ctrip.Com International’s Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.29 EPS and Q4 2019 earnings at $0.08 EPS.
CTRP has been the subject of a number of other reports. BidaskClub cut Ctrip.Com International from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 23rd. Deutsche Bank set a $24.00 price objective on Ctrip.Com International and gave the company a “hold” rating in a research report on Thursday. CLSA cut Ctrip.Com International from an “outperform” rating to an “underperform” rating and set a $38.00 price objective for the company. in a research report on Thursday. Wells Fargo & Co cut their price objective on Ctrip.Com International from $46.00 to $42.00 and set a “market perform” rating for the company in a research report on Thursday, September 6th. Finally, ValuEngine raised Ctrip.Com International from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.63.
Shares of CTRP traded down $1.76 during mid-day trading on Friday, reaching $26.13. The company’s stock had a trading volume of 9,926,955 shares, compared to its average volume of 5,839,413. Ctrip.Com International has a 1-year low of $25.78 and a 1-year high of $51.91. The stock has a market cap of $18.63 billion, a price-to-earnings ratio of 44.29, a PEG ratio of 2.64 and a beta of 1.83. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.33.
Ctrip.Com International (NASDAQ:CTRP) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.06. Ctrip.Com International had a return on equity of 4.72% and a net margin of 9.73%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the firm posted $0.41 earnings per share.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Baldwin Investment Management LLC increased its stake in shares of Ctrip.Com International by 44.8% during the third quarter. Baldwin Investment Management LLC now owns 6,466 shares of the company’s stock worth $240,000 after purchasing an additional 2,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Ctrip.Com International by 9.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,144 shares of the company’s stock worth $4,763,000 after purchasing an additional 10,881 shares during the period. Rafferty Asset Management LLC increased its stake in shares of Ctrip.Com International by 53.1% during the third quarter. Rafferty Asset Management LLC now owns 50,445 shares of the company’s stock worth $1,875,000 after purchasing an additional 17,497 shares during the period. American International Group Inc. increased its stake in Ctrip.Com International by 26.0% during the 3rd quarter. American International Group Inc. now owns 33,516 shares of the company’s stock worth $1,246,000 after acquiring an additional 6,913 shares during the period. Finally, BlackRock Inc. increased its stake in Ctrip.Com International by 5.6% during the 3rd quarter. BlackRock Inc. now owns 18,095,688 shares of the company’s stock worth $672,619,000 after acquiring an additional 967,607 shares during the period. Institutional investors own 66.85% 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 and real-time flight status.
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