Ctrip.com International, Ltd. PT Raised to $78.00 (CTRP)
Analysts at Barclays upped their price objective on shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) from $53.00 to $78.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “overweight” rating on the stock. Barclays’ price target suggests a potential upside of 16.89% from the stock’s previous close.
CTRP has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of Ctrip.com International, Ltd. from $58.00 to $74.00 in a research note on Monday, June 30th. They now have a “buy” rating on the stock. Separately, 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. 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $63.59.
Ctrip.com International, Ltd. (NASDAQ:CTRP) traded up 1.36% during mid-day trading on Tuesday, hitting $67.64. The stock had a trading volume of 436,909 shares. Ctrip.com International, Ltd. has a 1-year low of $35.21 and a 1-year high of $67.24. The stock’s 50-day moving average is $61.12 and its 200-day moving average is $51.88. The company has a market cap of $9.197 billion and a price-to-earnings ratio of 66.07.
Ctrip.com International, Ltd. (NASDAQ:CTRP) last posted its quarterly 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. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 36.0% on a year-over-year basis. Analysts expect that Ctrip.com International, Ltd. will post $0.72 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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