TheStreet Downgrades Ctrip (CTRP) to C+

Ctrip (NASDAQ:CTRP) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a report issued on Friday.

CTRP has been the subject of several other research reports. Barclays reissued a “buy” rating and set a $52.00 price objective on shares of Ctrip in a report on Thursday, April 19th. Zacks Investment Research raised Ctrip from a “sell” rating to a “hold” rating in a report on Monday, March 19th. Guggenheim lowered Ctrip from a “buy” rating to a “neutral” rating in a report on Tuesday, January 23rd. BidaskClub raised Ctrip from a “hold” rating to a “buy” rating in a report on Saturday, February 24th. Finally, Oppenheimer reissued an “outperform” rating and set a $53.00 price objective on shares of Ctrip in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $54.79.

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Shares of NASDAQ CTRP opened at $42.94 on Friday. Ctrip has a 12 month low of $42.36 and a 12 month high of $60.65. The company has a quick ratio of 1.51, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The stock has a market cap of $21,889.69, a PE ratio of 72.78, a price-to-earnings-growth ratio of 4.12 and a beta of 1.80.

Ctrip (NASDAQ:CTRP) last issued its quarterly earnings data on Wednesday, March 14th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). Ctrip had a return on equity of 2.64% and a net margin of 8.00%. The business had revenue of $987.54 million for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the firm posted $0.32 EPS. The firm’s revenue for the quarter was up 35.3% compared to the same quarter last year. sell-side analysts anticipate that Ctrip will post 0.52 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of CTRP. Tybourne Capital Management HK Ltd. purchased a new stake in Ctrip in the fourth quarter worth approximately $169,917,000. Coronation Fund Managers Ltd. boosted its stake in Ctrip by 82.3% in the fourth quarter. Coronation Fund Managers Ltd. now owns 2,157,284 shares of the company’s stock worth $95,136,000 after buying an additional 973,718 shares in the last quarter. Millennium Management LLC purchased a new stake in Ctrip in the fourth quarter worth approximately $31,810,000. BlackRock Inc. boosted its stake in Ctrip by 3.1% in the fourth quarter. BlackRock Inc. now owns 16,615,770 shares of the company’s stock worth $732,755,000 after buying an additional 497,017 shares in the last quarter. Finally, Sands Capital Management LLC boosted its stake in Ctrip by 24.4% in the fourth quarter. Sands Capital Management LLC now owns 2,126,434 shares of the company’s stock worth $93,776,000 after buying an additional 416,665 shares in the last quarter. 69.19% of the stock is owned by institutional investors and hedge funds.

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About Ctrip

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.

Analyst Recommendations for Ctrip (NASDAQ:CTRP)

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