Ctrip.com International PT Lowered to $53.60 (CTRP)
Analysts at UBS AG cut their price objective on shares of Ctrip.com International (NASDAQ:CTRP) from $56.20 to $53.60 in a research report issued to clients and investors on Friday, AmericanBankingNews.com reports. UBS AG’s target price indicates a potential upside of 8.33% from the company’s current price.
A number of other analysts have also recently weighed in on CTRP. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Ctrip.com International in a research note on Thursday. They now have a $50.50 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $58.35.
Shares of Ctrip.com International (NASDAQ:CTRP) opened at 49.48 on Friday. Ctrip.com International has a 1-year low of $27.91 and a 1-year high of $61.09. The stock has a 50-day moving average of $49.79 and a 200-day moving average of $48.42. The company has a market cap of $6.742 billion and a P/E ratio of 42.49. Ctrip.com International also was the recipient of some unusual options trading activity on Wednesday. Stock investors bought 35,287 call options on the company. This is an increase of 590% compared to the typical daily volume of 5,113 call options.
Ctrip.com International (NASDAQ:CTRP) last announced its earnings results on Wednesday, May 7th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ 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. During the same quarter last year, the company posted $0.30 earnings per share. Ctrip.com International’s revenue was up 36.0% compared to the same quarter last year. 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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