Ctrip.com International Now Covered by Analysts at JPMorgan Chase & Co. (CTRP)
Equities researchers at JPMorgan Chase & Co. assumed coverage on shares of Ctrip.com International (NASDAQ:CTRP) in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
The analysts wrote, “We initiate coverage on Ctrip with a Neutral rating and a Jun-14 PT of USD44. The intensive coupon-based price competition within China’s OTA market has eased since late 2012. We believe Ctrip is likely to see continued margin improvement over the next few years, driven by: 1) a more benign competitive environment, and 2) increasing profitability of projects that are currently under incubation (e.g. Tujia, etc). 3) higher return of user acquisition cost of mobile users.”
Shares of Ctrip.com International (NASDAQ:CTRP) traded down 0.13% on Friday, hitting $46.82. The stock had a trading volume of 90,440 shares. Ctrip.com International has a 1-year low of $15.63 and a 1-year high of $48.02. The stock has a 50-day moving average of $40.77 and a 200-day moving average of $31.22. The company has a market cap of $6.120 billion and a P/E ratio of 57.88.
Ctrip.com International (NASDAQ:CTRP) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.07. The company had revenue of $202.83 million for the quarter, compared to the consensus estimate of $192.68 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 28.0% on a year-over-year basis. Analysts expect that Ctrip.com International will post $0.93 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer raised their price target on shares of Ctrip.com International from $27.50 to $40.00 in a research note to investors on Friday, August 2nd. Separately, analysts at Brean Capital raised their price target on shares of Ctrip.com International from $34.00 to $55.00 in a research note to investors on Friday, August 2nd. Finally, analysts at Morgan Stanley downgraded shares of Ctrip.com International from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday, August 1st. They now have a $42.30 price target on the stock, up previously from $30.10.
Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $35.24.
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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