Ctrip.com International Price Target Cut to $50.00 by Analysts at Oppenheimer (CTRP)
Equities researchers at Oppenheimer reduced their price objective on shares of Ctrip.com International (NASDAQ:CTRP) from $65.00 to $50.00 in a research report issued on Thursday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 22.55% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley upgraded shares of Ctrip.com International from an “equal weight” rating to an “overweight” rating in a research note on Thursday. They now have a $50.50 price target on the stock, down previously from $55.00. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Ctrip.com International from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 14th. Finally, analysts at UBS AG initiated coverage on shares of Ctrip.com International in a research note on Monday, January 13th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $55.97.
Ctrip.com International (NASDAQ:CTRP) opened at 41.72 on Thursday. Ctrip.com International has a 52-week low of $18.87 and a 52-week high of $61.09. The stock has a 50-day moving average of $42.23 and a 200-day moving average of $48.09. The company has a market cap of $5.488 billion and a price-to-earnings ratio of 40.53. Ctrip.com International also was the recipient of unusually large options trading activity on Monday. Traders acquired 20,243 call options on the stock. This represents an increase of 225% compared to the typical daily volume of 6,238 call options.
Ctrip.com International (NASDAQ:CTRP) last announced its earnings results on Wednesday, February 12th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.05. The company had revenue of $238.00 million for the quarter, compared to the consensus estimate of $228.73 million. During the same quarter last year, the company posted $0.35 earnings per share. Ctrip.com International’s revenue was up 34.6% compared to the same quarter last year. On average, analysts predict that Ctrip.com International will post $1.18 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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