Ctrip.Com International Ltd (CTRP) Receives Consensus Recommendation of “Hold” from Brokerages

Ctrip.Com International Ltd (NASDAQ:CTRP) has earned an average recommendation of “Hold” from the nineteen analysts that are covering the firm, MarketBeat Ratings reports. Two 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. The average 1 year target price among analysts that have issued a report on the stock in the last year is $55.33.

CTRP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered Ctrip.Com International from an “overweight” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research note on Thursday, December 7th. BidaskClub lowered Ctrip.Com International from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Oppenheimer restated a “buy” rating and issued a $58.00 target price (down from $62.00) on shares of Ctrip.Com International in a research note on Tuesday, October 31st. Morgan Stanley initiated coverage on Ctrip.Com International in a research note on Friday, January 5th. They issued a “weight” rating and a $48.00 target price on the stock. Finally, Zacks Investment Research lowered Ctrip.Com International from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd.

Shares of Ctrip.Com International (NASDAQ:CTRP) opened at $43.65 on Tuesday. The stock has a market capitalization of $22,860.00, a price-to-earnings ratio of 69.29, a P/E/G ratio of 5.41 and a beta of 1.89. 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 one year low of $42.65 and a one year high of $60.65.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Ctrip.Com International by 3.1% during the 4th quarter. BlackRock Inc. now owns 16,615,770 shares of the company’s stock valued at $732,755,000 after acquiring an additional 497,017 shares during the period. WCM Investment Management CA boosted its holdings in Ctrip.Com International by 2.7% during the 3rd quarter. WCM Investment Management CA now owns 11,161,060 shares of the company’s stock valued at $588,635,000 after acquiring an additional 296,301 shares during the period. Fisher Asset Management LLC boosted its holdings in Ctrip.Com International by 2.7% during the 4th quarter. Fisher Asset Management LLC now owns 10,068,453 shares of the company’s stock valued at $444,019,000 after acquiring an additional 264,807 shares during the period. Temasek Holdings Private Ltd boosted its holdings in Ctrip.Com International by 37.0% during the 3rd quarter. Temasek Holdings Private Ltd now owns 7,256,928 shares of the company’s stock valued at $382,730,000 after acquiring an additional 1,959,723 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Ctrip.Com International by 8.4% during the 3rd quarter. Janus Henderson Group PLC now owns 6,405,483 shares of the company’s stock valued at $337,825,000 after acquiring an additional 496,168 shares during the period. Hedge funds and other institutional investors own 66.24% of the company’s stock.

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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.

Analyst Recommendations for Ctrip.Com International (NASDAQ:CTRP)

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