Investors Purchase High Volume of Ctrip.com International Call Options (CTRP)
Ctrip.com International (NASDAQ:CTRP) saw unusually large options trading on Wednesday. Stock traders bought 35,287 call options on the stock, American Banking & Market News reports. This is an increase of approximately 590% compared to the average volume of 5,113 call options.
A number of analysts have recently weighed in on CTRP shares. Analysts at UBS AG initiated coverage on shares of Ctrip.com International in a research note on Tuesday. They set a “buy” rating and a $56.20 price target on the stock. Separately, analysts at Aegis reiterated a “positive” rating on shares of Ctrip.com International in a research note on Friday, April 4th. Finally, analysts at Aegis initiated coverage on shares of Ctrip.com International in a research note on Thursday, March 13th. They set a “buy” rating and a $60.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $55.99.
Ctrip.com International (NASDAQ:CTRP) traded down 5.59% on Wednesday, hitting $45.674. 6,168,231 shares of the company’s stock traded hands. Ctrip.com International has a 52-week low of $23.36 and a 52-week high of $61.09. The stock has a 50-day moving average of $50.08 and a 200-day moving average of $48.53. The company has a market cap of $6.223 billion and a P/E ratio of 45.47.
Ctrip.com International (NASDAQ:CTRP) last announced its earnings results on Wednesday, May 7th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.01. The company had revenue of $254.00 million for the quarter, compared to the consensus estimate of $244.54 million. On average, analysts predict that Ctrip.com International will post $0.91 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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