Stifel Nicolaus Increases Ctrip.com International Price Target to $72.00 (CTRP)
Stock analysts at Stifel Nicolaus upped their price target on shares of Ctrip.com International (NASDAQ:CTRP) from $48.00 to $72.00 in a report issued on Monday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 20.85% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Deutsche Bank upgraded shares of Ctrip.com International from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 25th. They now have a $65.00 price target on the stock, up previously from $35.20. 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 analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Ctrip.com International has an average rating of “Buy” and an average price target of $41.78.
Ctrip.com International (NASDAQ:CTRP) opened at 60.23 on Monday. 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 $7.873 billion and a price-to-earnings ratio of 73.56.
Ctrip.com International (NASDAQ:CTRP) last announced its earnings results on Wednesday, July 31st. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters 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.
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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