Ctrip.Com International (NASDAQ:CTRP) released its quarterly earnings results on Monday. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04, Morningstar.com reports. Ctrip.Com International had a net margin of 14.70% and a return on equity of 3.61%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis.
Shares of CTRP stock traded down $1.18 during mid-day trading on Tuesday, reaching $33.93. The stock had a trading volume of 1,651,033 shares, compared to its average volume of 3,858,769. The business’s fifty day moving average is $34.78 and its 200-day moving average is $38.04. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The firm has a market cap of $18.89 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 2.55 and a beta of 1.64. Ctrip.Com International has a 1-year low of $25.00 and a 1-year high of $46.50.
Several large investors have recently made changes to their positions in the company. Advisory Services Network LLC increased its position in shares of Ctrip.Com International by 500.0% in the first quarter. Advisory Services Network LLC now owns 600 shares of the company’s stock valued at $26,000 after buying an additional 500 shares in the last quarter. Assetmark Inc. lifted its holdings in Ctrip.Com International by 1,737.0% during the second quarter. Assetmark Inc. now owns 845 shares of the company’s stock valued at $31,000 after purchasing an additional 799 shares in the last quarter. Cornerstone Advisors Inc. lifted its holdings in Ctrip.Com International by 255.7% during the first quarter. Cornerstone Advisors Inc. now owns 818 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in shares of Ctrip.Com International in the second quarter valued at about $44,000. Finally, Rehmann Capital Advisory Group grew its position in shares of Ctrip.Com International by 2,377.8% in the first quarter. Rehmann Capital Advisory Group now owns 1,338 shares of the company’s stock valued at $58,000 after purchasing an additional 1,284 shares during the period. Hedge funds and other institutional investors own 62.56% of the company’s stock.
Several research analysts recently commented on the stock. Zacks Investment Research lowered shares of Ctrip.Com International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Oppenheimer cut their price target on shares of Ctrip.Com International from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday. Morgan Stanley downgraded Ctrip.Com International from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. Barclays decreased their price objective on Ctrip.Com International from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, May 22nd. Finally, Daiwa Capital Markets raised Ctrip.Com International from an “underperform” rating to an “outperform” rating in a research report on Thursday, May 23rd. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $42.72.
About Ctrip.Com International
Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.
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