Ctrip.com International Receives New Coverage from Analysts at UBS AG (CTRP)
Equities researchers at UBS AG began coverage on shares of Ctrip.com International (NASDAQ:CTRP) in a research report issued on Tuesday, Stock Ratings Network.com reports. The firm set a “buy” rating and a $56.20 price target on the stock. UBS AG’s price target points to a potential upside of 16.36% from the stock’s previous close.
A number of other analysts have also recently weighed in on CTRP. Analysts at Aegis reiterated a “positive” rating on shares of Ctrip.com International in a research note on Friday, April 4th. Finally, analysts at Oppenheimer cut their price target on shares of Ctrip.com International from $65.00 to $50.00 in a research note on Thursday, February 13th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Ctrip.com International has an average rating of “Buy” and an average target price of $55.99.
Ctrip.com International (NASDAQ:CTRP) traded up 0.54% during mid-day trading on Tuesday, hitting $48.56. 1,307,068 shares of the company’s stock traded hands. Ctrip.com International has a one year low of $22.91 and a one year high of $61.09. The stock has a 50-day moving average of $50.12 and a 200-day moving average of $48.61. The company has a market cap of $6.616 billion and a P/E ratio of 45.39.
Ctrip.com International (NASDAQ:CTRP) last posted its quarterly 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. Analysts expect that Ctrip.com International will post $0.91 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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