Ctrip.com International Receives “Buy” Rating from Deutsche Bank (CTRP)
Ctrip.com International (NASDAQ:CTRP)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Monday, StockRatingsNetwork reports. They currently have a $65.00 price target on the stock. Deutsche Bank’s price objective would indicate a potential upside of 9.10% from the stock’s previous close.
A number of other analysts have also recently weighed in on CTRP. Analysts at Stifel Nicolaus raised their price target on shares of Ctrip.com International from $48.00 to $72.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Ctrip.com International in a research note to investors on Thursday, September 26th. They set an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Ctrip.com International in a research note to investors on Friday, August 30th. They set a “neutral” rating and a $44.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $41.78.
Ctrip.com International (NASDAQ:CTRP) traded up 0.65% on Monday, hitting $59.965. The stock had a trading volume of 486,678 shares. Ctrip.com International has a 52-week low of $16.90 and a 52-week high of $61.09. The stock has a 50-day moving average of $53.07 and a 200-day moving average of $37.46. The company has a market cap of $7.838 billion and a P/E ratio of 73.56.
Ctrip.com International (NASDAQ:CTRP) last released its earnings data on Wednesday, July 31st. The company reported $0.36 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.24 earnings per share. Ctrip.com International’s revenue was up 28.0% compared to the same quarter last year. On average, analysts predict that Ctrip.com International will post $0.93 earnings per share for the current fiscal year.
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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