Credit Agricole Downgrades Ctrip.com International to Underperform (CTRP)
Ctrip.com International (NASDAQ:CTRP) was downgraded by stock analysts at Credit Agricole from an “outperform” rating to an “underperform” rating in a report issued on Friday, TheFlyOnTheWall.com reports.
Shares of Ctrip.com International (NASDAQ:CTRP) traded down 5.46% during mid-day trading on Friday, hitting $38.279. 2,728,882 shares of the company’s stock traded hands. Ctrip.com International has a 52-week low of $18.87 and a 52-week high of $61.09. The stock’s 50-day moving average is $47.54 and its 200-day moving average is $46.91. The company has a market cap of $5.036 billion and a price-to-earnings ratio of 39.43.
Ctrip.com International (NASDAQ:CTRP) last released its earnings data on Tuesday, November 5th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.24. The company had revenue of $252.00 million for the quarter, compared to the consensus estimate of $241.68 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 35.0% on a year-over-year basis. On average, analysts predict that Ctrip.com International will post $1.07 earnings per share for the current fiscal year.
CTRP has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Ctrip.com International from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 26th. They now have a $56.20 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Ctrip.com International from $50.00 to $71.00 in a research note to investors on Wednesday, November 6th. They now have a “strong-buy” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Ctrip.com International from $40.00 to $65.00 in a research note to investors on Wednesday, November 6th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Ctrip.com International has a consensus rating of “Buy” and an average target price of $52.81.
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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