Ctrip.com International, Ltd. (CTRP) Receives Average Recommendation of “Buy” from Analysts
Ctrip.com International, Ltd. (NASDAQ:CTRP) has been given an average rating of “Buy” by the eighteen analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $57.91.
Several equities analysts have commented on the company. 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 restated a “buy” rating and issued a $60.00 price objective on shares of Ctrip.com International in a research note on Wednesday, July 19th. Barclays PLC began coverage on shares of Ctrip.com International in a research note on Monday. They issued an “overweight” rating and a $62.00 price objective on the stock. BidaskClub downgraded shares of Ctrip.com International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Benchmark Co. lowered their price objective on shares of Ctrip.com International from $61.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st.
Ctrip.com International (NASDAQ:CTRP) opened at 54.61 on Wednesday. Ctrip.com International has a 52-week low of $39.71 and a 52-week high of $60.65. The stock has a market cap of $28.72 billion, a PE ratio of 171.73 and a beta of 1.69. The company’s 50 day moving average is $52.85 and its 200-day moving average is $53.58.
Ctrip.com International (NASDAQ:CTRP) last announced its quarterly earnings results on Wednesday, August 30th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.11). Ctrip.com International had a net margin of 4.56% and a return on equity of 1.41%. The company had revenue of $946.38 million for the quarter, compared to analyst estimates of $929.55 million. During the same quarter last year, the business earned $0.02 EPS. The company’s revenue for the quarter was up 42.5% on a year-over-year basis. On average, equities analysts anticipate that Ctrip.com International will post $0.85 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the stock. Paulson & CO. Inc. bought a new position in Ctrip.com International in the second quarter worth $9,329,000. Davidson Kempner Capital Management LP bought a new position in Ctrip.com International in the second quarter worth $12,119,000. Intl Fcstone Inc. bought a new position in Ctrip.com International in the second quarter worth $246,000. Cookson Peirce & Co. Inc. bought a new position in Ctrip.com International in the second quarter worth $304,000. Finally, Wasatch Advisors Inc. lifted its position in Ctrip.com International by 34.6% in the second quarter. Wasatch Advisors Inc. now owns 932,776 shares of the company’s stock worth $50,239,000 after purchasing an additional 239,632 shares during the period. 67.60% of the stock is owned by hedge funds and other institutional investors.
Ctrip.com International Company Profile
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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