Ctrip.com International Target of Unusually High Options Trading (CTRP)
Shares of Ctrip.com International (NASDAQ:CTRP) was the target of some unusual options trading on Friday. Investors bought 24,882 call options on the stock, Analyst Ratings News reports. This represents an increase of 147% compared to the average volume of 10,057 call options.
Several analysts have recently commented on the stock. Analysts at Credit Agricole downgraded shares of Ctrip.com International from an “outperform” rating to an “underperform” rating in a research note to investors on Friday. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $52.81.
Ctrip.com International (NASDAQ:CTRP) last announced its earnings results on Tuesday, November 5th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $0.35 earnings per share. Ctrip.com International’s revenue was up 35.0% compared to the same quarter last 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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