Ctrip.com International, Ltd. Sets New 1-Year High Following Analyst Upgrade (CTRP)
Ctrip.com International, Ltd. (NASDAQ:CTRP) shares reached a new 52-week high during trading on Monday after Deutsche Bank raised their price target on the stock from $58.00 to $74.00, Stock Ratings News reports. Deutsche Bank currently has a buy rating on the stock. Ctrip.com International, Ltd. traded as high as $64.15 and last traded at $63.65, with a volume of 1,734,914 shares changing hands. The stock had previously closed at $60.78.
A number of other firms have also recently commented on CTRP. Analysts at Raymond James downgraded shares of Ctrip.com International, Ltd. from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, June 25th. Separately, analysts at Stifel Nicolaus downgraded shares of Ctrip.com International, Ltd. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 24th. Finally, analysts at Stifel Nicolaus downgraded shares of Ctrip.com International, Ltd. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 24th. They now have a $58.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $59.46.
The stock has a 50-day moving average of $56.53 and a 200-day moving average of $49.75. The company has a market cap of $8.670 billion and a price-to-earnings ratio of 60.48.
Ctrip.com International, Ltd. (NASDAQ:CTRP) last posted its quarterly 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, Ltd.’s revenue was up 36.0% compared to the same quarter last year. On average, analysts predict that Ctrip.com International, Ltd. will post $0.71 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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