Stock Traders Purchase High Volume of Ctrip.com International Put Options (CTRP)
Shares of Ctrip.com International (NASDAQ:CTRP) saw unusually large options trading activity on Friday. Investors bought 11,026 put options on the stock, Analyst Ratings News reports. This is an increase of approximately 147% compared to the typical volume of 4,459 put options.
CTRP has been the subject of a number of recent research reports. 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 research analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $52.81.
Ctrip.com International (NASDAQ:CTRP) opened at 38.95 on Monday. Ctrip.com International has a one year low of $18.87 and a one year high of $61.09. The stock’s 50-day moving average is $47.30 and its 200-day moving average is $46.97. The company has a market cap of $5.124 billion and a P/E ratio of 39.43.
Ctrip.com International (NASDAQ:CTRP) last posted its quarterly 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 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. Analysts expect that Ctrip.com International will post $1.05 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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