Morgan Stanley started coverage on shares of Ctrip.Com International (NASDAQ:CTRP) in a research note published on Friday, January 5th. The brokerage issued a weight rating and a $48.00 price target on the stock.
Other analysts have also issued research reports about the stock. TheStreet upgraded shares of Ctrip.Com International from a c+ rating to a b rating in a research report on Thursday, November 2nd. Oppenheimer reiterated a buy rating and issued a $53.00 target price on shares of Ctrip.Com International in a research report on Tuesday, December 12th. Cowen reiterated a buy rating and issued a $57.00 target price on shares of Ctrip.Com International in a research report on Sunday, October 8th. Benchmark dropped their target price on shares of Ctrip.Com International from $58.00 to $52.00 and set a buy rating on the stock in a research report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of Ctrip.Com International from a sell rating to a hold rating in a research report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. Ctrip.Com International presently has an average rating of Hold and a consensus price target of $56.91.
Ctrip.Com International (CTRP) traded up $1.25 on Friday, reaching $46.84. 4,990,000 shares of the company’s stock were exchanged, compared to its average volume of 4,680,000. Ctrip.Com International has a one year low of $42.53 and a one year high of $60.65. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $24,530.00, a PE ratio of 74.35 and a beta of 1.74.
Ctrip.Com International (NASDAQ:CTRP) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.26. Ctrip.Com International had a net margin of 15.59% and a return on equity of 6.16%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. analysts predict that Ctrip.Com International will post 0.44 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of CTRP. Temasek Holdings Private Ltd boosted its holdings in Ctrip.Com International by 37.0% in the 3rd quarter. Temasek Holdings Private Ltd now owns 7,256,928 shares of the company’s stock valued at $382,730,000 after purchasing an additional 1,959,723 shares during the last quarter. Intellectus Partners LLC boosted its holdings in Ctrip.Com International by 214.4% in the 2nd quarter. Intellectus Partners LLC now owns 18,861 shares of the company’s stock valued at $1,016,000 after purchasing an additional 12,861 shares during the last quarter. Korea Investment CORP boosted its holdings in Ctrip.Com International by 10.9% in the 3rd quarter. Korea Investment CORP now owns 350,400 shares of the company’s stock valued at $18,480,000 after purchasing an additional 34,300 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new position in Ctrip.Com International in the 2nd quarter valued at about $12,119,000. Finally, Paulson & CO. Inc. acquired a new position in Ctrip.Com International in the 2nd quarter valued at about $9,329,000. Hedge funds and other institutional investors own 68.41% 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.
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