BidaskClub cut shares of Ctrip (NASDAQ:CTRP) from a buy rating to a hold rating in a research note issued to investors on Friday.
Other equities research analysts have also issued reports about the stock. TheStreet upgraded shares of Ctrip from a c+ rating to a b- rating in a report on Monday, March 12th. Oppenheimer reiterated a buy rating and set a $53.00 target price on shares of Ctrip in a report on Tuesday, December 12th. Deutsche Bank began coverage on shares of Ctrip in a report on Monday, February 5th. They set a hold rating and a $50.00 target price on the stock. Wells Fargo began coverage on shares of Ctrip in a report on Tuesday, January 30th. They set a market perform rating and a $50.00 target price on the stock. Finally, TH Capital lowered shares of Ctrip from a buy rating to a hold rating in a report on Monday, February 26th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $55.50.
Ctrip stock opened at $44.80 on Friday. The company has a market cap of $22,993.15, a price-to-earnings ratio of 78.60, a price-to-earnings-growth ratio of 4.32 and a beta of 1.80. Ctrip has a 52-week low of $42.65 and a 52-week high of $60.65. The company has a current ratio of 1.40, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34.
Ctrip (NASDAQ:CTRP) last released its earnings results on Wednesday, March 14th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). The business had revenue of $987.54 million for the quarter, compared to analyst estimates of $1 billion. Ctrip had a return on equity of 2.64% and a net margin of 8.00%. Ctrip’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share. equities analysts expect that Ctrip will post 0.52 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of Ctrip by 3.1% in the 4th quarter. BlackRock Inc. now owns 16,615,770 shares of the company’s stock valued at $732,755,000 after purchasing an additional 497,017 shares during the last quarter. Eaton Vance Management purchased a new stake in shares of Ctrip in the 4th quarter valued at approximately $489,000. KADENSA CAPITAL Ltd purchased a new stake in shares of Ctrip in the 4th quarter valued at approximately $1,951,000. First Trust Advisors LP increased its position in shares of Ctrip by 34.4% in the 4th quarter. First Trust Advisors LP now owns 520,422 shares of the company’s stock valued at $22,951,000 after purchasing an additional 133,335 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. grew its position in shares of Ctrip by 137.1% in the 4th quarter. Liberty Mutual Group Asset Management Inc. now owns 41,860 shares of the company’s stock valued at $1,846,000 after buying an additional 24,207 shares during the last quarter. 69.25% of the stock is currently owned by institutional investors.
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Ctrip Company Profile
Ctrip.com International, Ltd., together with its subsidiaries, provides travel service for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in the People's Republic of China. The company operates as an agent for hotel-related transactions; sells air tickets; and 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 and flight dynamics.
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