Ctrip.Com International (CTRP) Coverage Initiated by Analysts at Deutsche Bank

Deutsche Bank started coverage on shares of Ctrip.Com International (NASDAQ:CTRP) in a note issued to investors on Monday, The Fly reports. The brokerage set a “hold” rating on the stock.

A number of other equities analysts have also weighed in on CTRP. Cowen reissued a “buy” rating and set a $57.00 price objective on shares of Ctrip.Com International in a research note on Sunday, October 8th. Barclays started coverage on Ctrip.Com International in a research note on Monday, October 9th. They set an “overweight” rating and a $62.00 price objective on the stock. Zacks Investment Research lowered Ctrip.Com International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Oppenheimer reissued a “buy” rating and set a $58.00 price objective (down previously from $62.00) on shares of Ctrip.Com International in a research note on Tuesday, October 31st. Finally, Benchmark lowered their price objective on Ctrip.Com International from $58.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $56.33.

Ctrip.Com International (NASDAQ:CTRP) opened at $46.87 on Monday. The firm has a market capitalization of $24,055.56, a price-to-earnings ratio of 78.12 and a beta of 1.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.51 and a current ratio of 1.51. Ctrip.Com International has a 12 month low of $42.53 and a 12 month high of $60.65.

Several institutional investors have recently made changes to their positions in CTRP. Principal Financial Group Inc. acquired a new position in shares of Ctrip.Com International in the 2nd quarter valued at $534,000. Vanguard Group Inc. lifted its stake in shares of Ctrip.Com International by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,923,020 shares of the company’s stock valued at $103,574,000 after purchasing an additional 32,019 shares during the last quarter. Ark Investment Management LLC lifted its stake in shares of Ctrip.Com International by 15.6% in the 2nd quarter. Ark Investment Management LLC now owns 109,685 shares of the company’s stock valued at $5,908,000 after purchasing an additional 14,798 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Ctrip.Com International by 19.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 845,477 shares of the company’s stock valued at $45,546,000 after purchasing an additional 137,015 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of Ctrip.Com International by 13.4% in the 2nd quarter. Voya Investment Management LLC now owns 52,921 shares of the company’s stock valued at $2,850,000 after purchasing an additional 6,234 shares during the last quarter. 68.79% of the stock is currently 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.