Ctrip.com International, Ltd. (CTRP) Receives Consensus Rating of “Buy” from Analysts
Ctrip.com International, Ltd. (NASDAQ:CTRP) has earned an average recommendation of “Buy” from the seventeen ratings firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $57.50.
A number of brokerages have issued reports on CTRP. Zacks Investment Research downgraded Ctrip.com International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Cowen and Company reaffirmed a “buy” rating and set a $60.00 price target on shares of Ctrip.com International in a report on Wednesday, July 19th. ValuEngine raised Ctrip.com International from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub downgraded Ctrip.com International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, Benchmark Co. decreased their price target on Ctrip.com International from $61.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, August 31st.
Ctrip.com International (NASDAQ:CTRP) opened at 52.40 on Friday. The company’s 50-day moving average price is $53.64 and its 200 day moving average price is $52.84. The firm has a market capitalization of $27.56 billion, a price-to-earnings ratio of 166.88 and a beta of 1.69. Ctrip.com International has a 12 month low of $39.71 and a 12 month high of $60.65.
Ctrip.com International (NASDAQ:CTRP) last announced its quarterly earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.11). The business had revenue of $946.38 million for the quarter, compared to analysts’ expectations of $929.55 million. Ctrip.com International had a return on equity of 1.41% and a net margin of 4.56%. The firm’s quarterly revenue was up 42.5% on a year-over-year basis. During the same period last year, the firm earned $0.02 earnings per share. Analysts predict that Ctrip.com International will post $0.87 EPS for the current year.
Several institutional investors have recently bought and sold shares of CTRP. Highstreet Asset Management Inc. purchased a new stake in shares of Ctrip.com International in the 2nd quarter valued at about $121,000. Parallel Advisors LLC lifted its holdings in shares of Ctrip.com International by 13.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,057 shares of the company’s stock valued at $123,000 after purchasing an additional 237 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Ctrip.com International by 40.5% in the 2nd quarter. Huntington National Bank now owns 2,325 shares of the company’s stock valued at $125,000 after purchasing an additional 670 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Ctrip.com International by 6.7% in the 2nd quarter. IFP Advisors Inc now owns 2,516 shares of the company’s stock valued at $136,000 after purchasing an additional 157 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Ctrip.com International by 1.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,646 shares of the company’s stock valued at $143,000 after purchasing an additional 46 shares during the last quarter. 67.62% of the stock is owned by institutional investors and hedge funds.
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About Ctrip.com International
Ctrip.com International, Ltd. (Ctrip) is a travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Company aggregates hotel and transportation information to enable business and leisure travelers to make bookings. It helps leisure travelers book tour packages and guided tours, and helps corporate clients manage their travel requirements.
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